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The National Energy Tax Bill Will Be A Vote of "Historic Proportions?" We Agree.

June 25, 2009


A Vote of “Historic Proportions?” We Agree.

Today, President Obama said:


“Right now, the House of Representatives is moving towards a vote of historic proportions….”


We agree.  


When Speaker Pelosi holds a vote tomorrow on the National Energy Tax bill (H.R. 2454) – it will be a vote of historic proportions. 


Unfortunately, that’s because history will show that as America’s unemployment rate was rising, Democrats in Congress were voting for a cap and tax plan that will inflict even more economic pain upon struggling Americans.  

 

Specifically, this bill is predicted to:


·         Cost 2.5 million American jobs (National Black Chamber of Commerce)

·         Decrease America’s Gross Domestic Product by 2.5 percent (Brookings Institute)

·         Raise inflation-adjusted gasoline prices by 58 percent (Heritage Foundation)



After months of increasing unemployment, now is the worst time possible for the Democrat Congress to pass a National Energy Tax. 

The good news is that Republicans have proposed a better way forward that will grow our economy, create new high-paying jobs, protect our environment, and provide affordable energy. 


The American Energy Act (H.R. 2846) is an all-of-the-above plan that will develop all types of American-made energy.  It promotes renewable energy sources, such as wind, solar, hydropower, nuclear and biomass, while also producing more American-made oil and natural gas. 


Instead of implementing a National Energy Tax, Democrat Leaders should hold a vote on the American Energy Act. 

 

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