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Climate Change Bill Mark-up

May 18, 2009 - by Donny Shaw

House Democrats introduced a gigantic cap-and-trade climate change bill to Congress last week and it’s getting it’s first big action TODAY. At 1 pm EST, the House Energy and Commerce Committee will begin the mark-up process. You can tune in to a live broadcast here. This committee work is where the most important tweaking takes generally place. Follow Congress Matters for mark-up liveblogging.

Apparently, Republicans are planning on submitting 450 amendments during the markup. A lot of them look like classic “gotcha” amendments, aka “poison-pills.”

Anyways, here’s the bill, including full text:

H.R. 2454 – American Clean Energy And Security Act of 2009

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Comments

  • DrewH 05/20/2009 12:51am

    Initiatives to combat global warming, such as the retrofit of old buildings, and switching to more fuel-efficient cars, will create jobs and boost wages. America must prove to China, India and other developing nations that addressing the climate change problem will stimulate their economies. The U.S. economy is shaky for pretty much everybody. Not only is it bad for Americans, but lousy U.S. economy hits the whole world hard. The U.S. bailout measures are good for everyone worldwide, if the cash advances being made work like they’re intended to. However, some are insisting that the bailout is going to wreck the budget and make the deficit explode. Obama and others insist there will be cuts made that will make up for it. Regardless, let us hope that the short term loans we’re making will help to bring back the U.S. economy.Read more click http://personalmoneystore.com/moneyblog/2009/04/09/america-high-doubleedged-cash-advances/

  • Comm_reply
    Anonymous 05/20/2009 10:28pm

    The massive tax increase AKA as the cap and trade scheme will cost the average American household an extra $3-4,000 dollars a year in extra costs, due to increases in their electric bill, fuel purchases and added costs to heat homes.

    Spain already tried this and in fact, the bill is modeled on Spain’s attempt.

    But Spain found out that for every 1 job created, 2.2 jobs were lost due to companies having to lay off personel due to increased operating costs.
    Spain is now trying to undo the damage caused by that folly.

    This is nothing more than a hidden tax increase during a recession/depression.
    Plus, most of the money will be going to Wall Street so they can trade the carbon credits.
    Do we really want more of our money going to Wall Street?

    And that spells disaster for the economy.

    If they are trying to completely wreck the economy, this is the way to put us all in soup lines.

  • jschlatt 05/20/2009 4:56am

    If you think that higher energy cost for EVERY SINGLE CONSUMER in this economy is going to somehow stimulate it or create jobs you are a raving lunatic.

    Drew H.—I don’t care what kind of degree or credentials you have—YOU ARE A MORON.

  • ncrimmin 05/21/2009 6:42pm

    Europe found out this does not work as advertised it would. I know and talk to those in England and Europe, and all of them I talk to say that all their Cap and Trade Carbon type taxes have done, is loose jobs, make companies move to other countries, raise prices on all consumer goods, and cost everyone much more for heating and air conditioning. All this type of bill will do is make thse that invest in companies that will get contracts from the govenment, richer, those companies richer, and the government richer. All it will do for WE THE PEOPLE is make us poorer.

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