Fueled by aggressive House Democrats, the American Clean Energy and Security Act (H.R. 2454), also known as Waxman-Markey, is expected to come up today on the United States House floor. The reality of this pseudo “save-the-earth” energy bill is that it produces the largest tax in American history.
The intent of the bill is to drive the price of electricity and gas up, so that Americans will conserve —logical right? However, the high prices will not only show up in our Progress Energy bills, but also when we purchase an American manufactured good or line up at the gas station.
According to one report the bill will cost every family as much as $3,100 annually in energy costs, without any proposed relief for struggling families and consumers. In truth, consumers will be forced to cut back on their spending, which will then curb production rates,and limit job creation. This is exactly what America, and North Carolina, does not need as we struggle with ever-rising unemployment rates.
Furthermore, the positive effects of the "Cap-and-Trade" bill on the climate are negligible and unreliable, just like most models predicting climate change. On the other hand, the effects this bill will have on our economy and way of life is overwhelming and devastating. In all this country has going on, raising taxes, to allegedly help the environment, is not the right step to recovery.