Posted on 06/23/2009 12:22:42 PM PDT by VirginiaConstitutionalist
Libertarians urge “no” vote on $1.9 billion Waxman-Markey tax hike
Pelosi hopes to rush tax hike to a vote this week
WASHINGTON – America’s third largest party urged the U.S. House Tuesday to defeat plans for a $1.9 trillion energy tax hike over eight years. House Speaker Nancy Pelosi is attempting to rush H.R. 2454, the Waxman-Markey energy tax bill, to a vote this week.
“With unemployment rising above and beyond what President Obama said it would be with the multi-hundred billion dollar stimulus bill, now is not the time to dismantle our economy with a multi-hundred billion dollar energy tax hike,” said William Redpath.
“Libertarians urge House members to defeat this job-killing tax hike on Americans,” said Redpath. “Libertarian candidates are out there every day proposing proven solutions to create the jobs we need and restore our prosperity. This $1.9 trillion tax hike would destroy millions of jobs and impose dramatically higher prices for everything.”
At nearly 1,000 pages, H.R. 2454, sponsored by Democrat Reps. Henry Waxman and Edward Markey, imposes new taxes on any economic activity that produces carbon dioxide. Pelosi hopes to rush the bill to a vote, despite no net temperature increase globally over the last decade, significant research showing man-made carbon dioxide isn’t changing the climate and opposition from thousands of scientists.
The economic impact would be harsh. According to research from the independent, non-partisan Heritage Foundation, the bill would have devastating impacts on the average American family.
The research found that by 2035, gasoline prices would increase 58 percent, natural gas prices would increase 55 percent, prices for home heating oil would increase 56 percent, and worst of all, electricity prices would jump 90 percent.
While the average American would pay the tax once in the form of higher energy prices, they also pay it again in higher costs for goods that must be manufactured and services that must be provided using energy.
The average family of four could see $2,979 in higher prices per year, paying $4,609 more in 2035 alone. The total costs to the average family in higher prices, from 2012 to 2035, reach $71,493.
The bill would also destroy millions of jobs, even taking into account Obama administration promises of new “green” jobs. The research finds an average annual job loss of 1,145,000 jobs per year because of Waxman-Markey. In the worst years, 2,479,000 Americans will lose their jobs annually under Waxman-Markey.
For more information on this issue, or to arrange an interview with the Libertarian Party, please call Director of Communications Donny Ferguson at 703-200-3669 or 202-333-0008, x. 225, or email Donny.Ferguson@lp.org.
The Libertarian Party is America's third-largest political party, founded in 1971 as an alternative to the two main political parties. You can find more information on the Libertarian Party by visiting http://www.LP.org. The Libertarian Party proudly stands for smaller government, lower taxes and more freedom.
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EVERYONE should be drowning our government representatives, senators, etc. with phone call, faxes and emails about this.
Pelosi is trying to push this through fast with no debate...
If we had a single elected representative in either house we’d be voting against it - but since we don’t, all we can do is talk about it.
Well which is it? Billion? Trillion? A 1.9 billion tax hike won’t even cover repairs to the big dig so I’m betting illion with a Tr.
Just for curiosity sake, how man members in the US House and Senate, are members of America’s 3rd largest political party, the Libertarian party?
(never ask a question that you don’t know the answer to)
Anyone who has followed Henry Waxman and his activities thru the years would find a total failure of American interests.
Waxman seems to think that he is a law unto itself.
BTTT
“..... electricity prices would jump 90 percent.”
If this goes through, I will buy something I have wanted for years. I will buy a diesel powered monster electric generator before the next full moon. I own 2 gas powered generators now, but they are for short emergencies, (one to two week). I can buy off-road farm diesel at a acceptable price.
I have always wanted to go off grid, finally they will be giving me an argument for doing this that even my bride can’t argue against.
These folks are soooo insane. When ‘We the People’ finally hit the streets, we are going to make Iran’s uprising look like a tailgate party.
Just keep pushing you brainless dem freaks... we truly will come and you will not like how it ends.
One of the best written articles I’ve seen about this new scam.
Would you please quit posting everything to Breaking News?
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