"Cap and Tax" Bill Barely Passes House
The "Cap and Tax" bill designed to protect against greenhouse-gas emissions by imposing a cap on the amount of carbon that utilities and companies could produce passed the House by a vote of 219-212 late Friday. This bill will pass costs along to businesses and consumers and could lead to jobs going overseas.
"You're going to find signs on manufacturing doors, if this bill passes, that say, 'Moved, gone to China,'" said Sen. Charles Grassley (R., Iowa) on ABC's "This Week." (Wall Street Journal)
The bill is now in the Senate and will soon face votes from the Energy and Natural Resources Committee and the Environment and Natural Resources Committee. But Obama and Harry Reid's Democrats want to rush a vote before the August recess in Congress.
It is clear this legislation will add costs to small businesses that will hurt their ability to hire more workers. It will also drain your pocketbook as utility bills will rise. Contact the senators in your state and also tell Senator Jeff Bingaman and Senator Barbara Boxer who chair the committees where the bill now resides that we will not stand for cap and tax.
Posts
