H.R. 2454 Would Be Largest Tax Increase Ever

MurkN · 06-26-2009, 04:34 PM

There is a bill being voted on today (5pm EST) called H.R. 2454 'American Clean Energy and Security Act of 2009' that will further cripple the American economy and drain our pockets. It will raise your household electricity rates by 90 percent, gasoline by 74 percent, and residential natural gas prices by 55 percent by 2035, after adjusting for inflation.

It imposes an annual burden of $144.8 billion per year on U.S. households, and it will reduce household earnings by a projected $37.8 billion. It will further cut U.S. employment levels by 965,000 jobs by reducing economic output by $136 billion per year-this translates to a $1,145 increase in energy costs per American household.

It will force low-income households to disproportionately bear the across-the-board energy cost increase, as a larger percentage of the poor’s income goes toward energy costs, as opposed to wealthier households. It sets the stage to effectively kill the coal industry as it will be taxed so heavily, it will not be able to sustain itself.

If enacted, H.R. 2454 would be the biggest government takeover of the economy since the Second World War, which is the last time energy, food, and other basic commodities were rationed. Waxman-Markey amounts to a $2 trillion tax increase on middle-class Americans. Not only would this be the biggest tax increase in the history of the world, but it is yet another example of President Barack Obama violating his campaign promise not to raise taxes on the middle class. This cap-and-tax bill is simply an underhanded way of facilitating a colossal transfer of wealth from consumers to big businesses.

The worst part is... NOBODY in Congress has actually read the 1,000+ page bill!

Congress Doesn't Read Bills - http://www.cbsnews.com/blogs/2009/06/24/po...0.shtml?tag=pop

Bill text:
GovTrack - http://www.govtrack.us/congress/bill.xpd?bill=h111-2454
Open Congress - http://www.opencongress.org/bill/111-h2454/show
Liberty of Congress - http://thomas.loc.gov/cgi-bin/bdquery/z?d111:H.R.2454:

Congress Phone List

News Articles:
Cap-and-Tax Fiction - http://online.wsj.com/article/SB124588837560750781.html
Biggest Tax Increase EVER -
http://www.humanevents.com/article.php?id=32001
Obama's Policy To Create Largest Tax -
http://americaswatchtower.com/2009/02/25/o...ase-in-history/
Cap & Trade Largest Tax -
http://thedailyblogster.blogspot.com/2009/...ncrease-in.html
Largest Tax Ever Cap-and-Trade -
http://www.onenewsnow.com/Politics/D...aspx?id=468158
Cap-And-Trade Biggest Tax In History -
http://www.americansforprosperity.org/0310...ease-us-history
Biggest Tax Increase In History -
http://www.propeller.com/story/2009/06/25/...ase-in-history/
Congress Doesn't Read Bills -
http://www.cbsnews.com/blogs/2009/06/24/po...0.shtml?tag=pop

southcakalac · 06-26-2009, 04:51 PM

Dear god...when will this stop?

Squirrel · 06-26-2009, 05:58 PM

This stuff is great the Congressman from Ohio is tearing it apart.

g5jamz · 06-26-2009, 06:20 PM

Every tax-paying american should be listening to CSpan right now. Boehner is ripping this bill apart.

jim stone · 06-26-2009, 07:13 PM

How can we find out the names of the republicans that voted in favor?

Kurb · 06-26-2009, 07:14 PM

Why is this poo even considered?

WHY ARE NONE OF THE MEDIA OUTLETS TALKING ABOUT IT@!11

jim stone · 06-26-2009, 07:15 PM

We are fuced here. Man what a mess we will have to clean up when we retake congress.

jim stone · 06-26-2009, 07:19 PM

More businesses to leave the us!

Kurb · 06-26-2009, 07:28 PM

Did it get passed ?

Kurb · 06-26-2009, 07:29 PM

219-212 Now it heads to Senate.

fuging A

06-26-2009, 04:34 PM	#1
MurkN It Is What It Is Join Date: Nov 2008 Posts: 1,052 Pie Slices: 23 Given Pie 2 Times in 2 Posts Rep Power: 5	H.R. 2454 Would Be Largest Tax Increase Ever There is a bill being voted on today (5pm EST) called H.R. 2454 'American Clean Energy and Security Act of 2009' that will further cripple the American economy and drain our pockets. It will raise your household electricity rates by 90 percent, gasoline by 74 percent, and residential natural gas prices by 55 percent by 2035, after adjusting for inflation. It imposes an annual burden of $144.8 billion per year on U.S. households, and it will reduce household earnings by a projected $37.8 billion. It will further cut U.S. employment levels by 965,000 jobs by reducing economic output by $136 billion per year-this translates to a $1,145 increase in energy costs per American household. It will force low-income households to disproportionately bear the across-the-board energy cost increase, as a larger percentage of the poor’s income goes toward energy costs, as opposed to wealthier households. It sets the stage to effectively kill the coal industry as it will be taxed so heavily, it will not be able to sustain itself. If enacted, H.R. 2454 would be the biggest government takeover of the economy since the Second World War, which is the last time energy, food, and other basic commodities were rationed. Waxman-Markey amounts to a $2 trillion tax increase on middle-class Americans. Not only would this be the biggest tax increase in the history of the world, but it is yet another example of President Barack Obama violating his campaign promise not to raise taxes on the middle class. This cap-and-tax bill is simply an underhanded way of facilitating a colossal transfer of wealth from consumers to big businesses. The worst part is... NOBODY in Congress has actually read the 1,000+ page bill! Congress Doesn't Read Bills - http://www.cbsnews.com/blogs/2009/06/24/po...0.shtml?tag=pop Bill text: GovTrack - http://www.govtrack.us/congress/bill.xpd?bill=h111-2454 Open Congress - http://www.opencongress.org/bill/111-h2454/show Liberty of Congress - http://thomas.loc.gov/cgi-bin/bdquery/z?d111:H.R.2454: Congress Phone List News Articles: Cap-and-Tax Fiction - http://online.wsj.com/article/SB124588837560750781.html Biggest Tax Increase EVER - http://www.humanevents.com/article.php?id=32001 Obama's Policy To Create Largest Tax - http://americaswatchtower.com/2009/02/25/o...ase-in-history/ Cap & Trade Largest Tax - http://thedailyblogster.blogspot.com/2009/...ncrease-in.html Largest Tax Ever Cap-and-Trade - http://www.onenewsnow.com/Politics/D...aspx?id=468158 Cap-And-Trade Biggest Tax In History - http://www.americansforprosperity.org/0310...ease-us-history Biggest Tax Increase In History - http://www.propeller.com/story/2009/06/25/...ase-in-history/ Congress Doesn't Read Bills - http://www.cbsnews.com/blogs/2009/06/24/po...0.shtml?tag=pop __________________

06-26-2009, 04:51 PM	#2
southcakalac Wharton Fan Club Join Date: Jan 2009 Age: 28 Posts: 1,289 Pie Slices: 28 Given Pie 4 Times in 4 Posts Rep Power: 5	Dear god...when will this stop? __________________ Originally posted by a Saints fan: I feel my intelligents* oozing out of my ears every time I read a Panther fan's take on football... so I generally stay away from it, and so should all of you.*

06-26-2009, 06:20 PM	#4
g5jamz Is back Join Date: Mar 2009 Posts: 3,534 Pie Slices: 0 Given Pie 5 Times in 5 Posts Rep Power: 12	Every tax-paying american should be listening to CSpan right now. Boehner is ripping this bill apart. __________________ I used to think of myself as a wolfpack of one...

06-26-2009, 07:14 PM	#6
Kurb Best Pick Available Join Date: Nov 2008 Age: 30 Posts: 2,147,487,834 Pie Slices: 35 Given Pie 21 Times in 13 Posts Rep Power: 200	Why is this poo even considered? WHY ARE NONE OF THE MEDIA OUTLETS TALKING ABOUT IT@!11 __________________ Carolina Panthers (119 Wins, 128 losses)...proudly saying no to EXCELLENT QBs since 1995.....

06-26-2009, 07:28 PM	#9
Kurb Best Pick Available Join Date: Nov 2008 Age: 30 Posts: 2,147,487,834 Pie Slices: 35 Given Pie 21 Times in 13 Posts Rep Power: 200	Did it get passed ? __________________ Carolina Panthers (119 Wins, 128 losses)...proudly saying no to EXCELLENT QBs since 1995.....

06-26-2009, 05:58 PM	#3
Squirrel Get better soon Pat. Join Date: Dec 2008 Posts: 4,933 Pie Slices: 19 Given Pie 9 Times in 9 Posts Rep Power: 14	This stuff is great the Congressman from Ohio is tearing it apart.

06-26-2009, 07:13 PM	#5
jim stone Senior Member Join Date: May 2009 Posts: 195 Pie Slices: 0 Given Pie 0 Times in 0 Posts Rep Power: 1	How can we find out the names of the republicans that voted in favor?

06-26-2009, 07:15 PM	#7
jim stone Senior Member Join Date: May 2009 Posts: 195 Pie Slices: 0 Given Pie 0 Times in 0 Posts Rep Power: 1	We are fuced here. Man what a mess we will have to clean up when we retake congress.

06-26-2009, 07:19 PM	#8
jim stone Senior Member Join Date: May 2009 Posts: 195 Pie Slices: 0 Given Pie 0 Times in 0 Posts Rep Power: 1	More businesses to leave the us!

06-26-2009, 07:29 PM	#10
Kurb Best Pick Available Join Date: Nov 2008 Age: 30 Posts: 2,147,487,834 Pie Slices: 35 Given Pie 21 Times in 13 Posts Rep Power: 200	219-212 Now it heads to Senate. fuging A __________________ Carolina Panthers (119 Wins, 128 losses)...proudly saying no to EXCELLENT QBs since 1995.....

Thread Tools
Show Printable Version Email this Page
Display Modes
Linear Mode Switch to Hybrid Mode Switch to Threaded Mode