Obama/Waxman Fast Track Carbon Tax; before Memorial Day

Posted by Steve Elliott on May 11, 2009

All signs indicate that President Obama and Rep. Henry Waxman are pushing for a key vote on the Carbon Tax BEFORE Memorial Day — a tax that studies show will cost each family $3,100 each and every year.

Last week, Obama met behind closed doors with House Democrats to pressure them to pass the Carbon Tax. Now, Waxman is even contemplating skipping the Subcommittee hearing on the $2 trillion Carbon Cap and Trade Tax (The Waxman-Markey bill; original draft here; summary here) and fast-tracking this new tax straight to his Energy and Commerce Committee.

Waxman wants this all done by the end of next week… and Team Obama is turning up the heat on key Democrats in the House to pressure quick passage of the Carbon Tax.

+ + +Why Obama and Waxman Are Fast-Tracking The CO2 Tax

There’s a reason Obama and Waxman are pulling out the stops to pressure Democrats to pass this tax through the Committee…

Obama, Waxman, Pelosi and the gang fear that any delays
could kill their precious plan to “save the planet” and give
the government the power to tax and control the air!

That’s because even some Democrats are now getting nervous about imposing such a large tax at a time when the economy is struggling. Reports indicate this new tax could cost the average American over $3,000 every year and result in 7 million lost jobs! (Go here to download a .pdf of the MIT report from which the $3,100 estimate is generated. Here is the pertinent data from pages 24-25 which reports $366 billion it carbon tax revenues. The GOP is using this number, divided by 111 million households, to derive the roughly $3,100 cost per family.)

Dems — especially the Blue Dog Dems — are getting very squeamish. Many are particularly annoyed that Waxman is considering skipping the subcommittee hearing in order to rush the bill to the full committee and get his vote by the Memorial Day break. The New York Times reports that Waxman will produce a new version of the bill this week to appease the concerns of moderates.

+ +Americans Oppose this new Tax

Democrats and the White House try to claim that cap and trade is not a tax. But Warren Buffett recently admitted that cap and trade is a “regressive” tax that the utilities will “pass through” to consumers. And even Democrat John Dingell admitted recently that “Cap and Trade is a tax, and a great big one.”

How big is this tax? Obama’s shows “only” $600 billion for carbon tax revenues — that alone would be the largest single tax increase in history. But the real, hidden number is closer to $2 trillion over 8 years. And the American people overwhelmingly do NOT want the Carbon Tax (by a 2-to-1 margin according to Pew Research).

+ + +Global “reset” of the economy under way!

If the cap-and-trade scheme passes, it will initiate the most radical restructuring of our economy toward socialism in American history. And don’t be fooled… Al Gore and “Big Environment” will get filthy rich in the process. In fact, as Timothy Carney of the Washington Examiner explains, companies like GE are lining up to profit from the global warming scheme. Carney points out that GE has invested millions in lobbying in favor of carbon tax related schemes. And GE’s Chairman Jeffrey Immelt actually sees a global “reset” of capitalism under way:

“I believe we are going through more than a cycle. The global economy, and capitalism, will be “reset” in several important ways. The interaction between government and business will change forever. In a reset economy, the government will be a regulator; and also an industry policy champion, a financier, and a key partner.”

Waxman wants to fly under the radar and push the Carbon Tax Scheme before the American people realize what is happening. As a result, the most crucial vote on the Carbon Tax cap-and-trade scheme may be taking place before Memorial Day.


If ye love wealth better than liberty, the tranquility of servitude better than the animating contest of freedom, go home from us in peace. We ask not your counsels or arms. Crouch down and lick the hands which feed you. May your chains set lightly upon you, and may posterity forget that ye were our countrymen.” – Samuel Adams, speech at the Philadelphia State House on August 1, 1776.




2 Responses

  1. I was just about to shut down , so I didn’t have time to read this post … I WILL tho !! … I just thought I’d like to tell you that my ‘ Appall – A – Ticians ‘ post is my take politics from my Canadian perspective …

    Like I said , the blog is young … I’m gettin’ ‘ round to it tho !!!

  2. The Morb, great thanks for your input.

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