Waxman-Markey Bill ‘Biggest Tax Increase In History’

Waxman-Markey Bill ‘Biggest Tax Increase In History’

May 18, 2009

Waxman-Markey Bill ‘Biggest Tax Increase In History’
Energy Rationing Would Hurt Consumers and Workers While Enriching Special Interests

Washington, D.C., May 18, 2009—Energy tax and rationing is on the House agenda this week, as the Energy and Commerce Committee marks up the Waxman-Markey “Clean Energy and Security Act.”

Statement by Myron Ebell, CEI Director of Energy and Global Warming Policy
The Waxman-Markey bill would set many records: the biggest tax increase in history; the biggest government intervention in people’s lives since the Second World War; the biggest transfer of wealth from consumers to special interests in American history; and the biggest opportunity for corruption and manipulation by Wall Street traders ever created.  It would cause consumer energy prices to go up relentlessly for decades, create some jobs while destroying millions of jobs, and produce perpetual economic stagnation.  The Waxman-Markey energy-rationing bill cannot be fixed.  It must be defeated.

> Urge Congress to vote down the Waxman-Markey energy rationing plan + view a special “1984” video on global warming, featuring Al Gore: cei.org/1984.

> Read ongoing commentary on energy policy issues at Globalwarming.org.