The Congressional Budget Office has estimated that implementing HR 2454, otherwise known as the 2009 Clean Energy and Security Bill, or Cap and Trade to you and me, will cost an additional $846,000,000,000 (that's 846 Billion dollars) in new taxes. Seems I remember the Big "O" saying something about reducing taxes but maybe I was dreaming. This bill is out of committee so its probably a good time to write your Congresscritter about it. More news here.
And the Washington Post, hardly a conservative rag, has something to say about it here. Did you know that it would allow the feds to dictate building codes? Thinking about building a new house soon?
And there's more bad news about the federal regulation of hydraulic fracturing that I wrote about earlier. The American Petroleum Institute estimates that if it is passed, it will reduce domestic production by more than 20%. Wasn't there campaign talk about energy being a matter of national security? How is decreasing domestic production going to reduce our dependence on foreign oil?
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