merrie says: So, the good news for the rest of us--homeowners, car owners, small-business owners, farmers--is that we won't be directly regulated under this bill. The bad news is that nearly all the costs will get passed on to us anyway. What are those costs? According to the analysis we conducted at The Heritage Foundation, which is attached to my written statement, the higher energy costs kick in as soon as the bill's provisions take effect in 2012. For a household of four, energy costs go up $436 that year, and they eventually reach $1,241 in 2035 and average $829 annually over that span. Electricity costs go up 90 percent by 2035, gasoline by 58 percent, and natural gas by 55 percent by 2035. The cumulative higher energy costs for a family of four by then will be nearly $20,000. As with American manufacturers, Waxman-Markey also puts American farmers at a global disadvantage, as other food-exporting nations would have no comparable energy-price raising measures in place. Overall, Waxman-Markey reduces gross domestic product by an average of $393 billion annually between 2012 and 2035, and cumulatively by $9.4 trillion. In other words, the nation will be $9.4 trillion poorer with Waxman-Markey than without it. Waxman-Markey also disproportionately burdens those states, especially in the Midwest and South, that still have a substantial number of manufacturing jobs to lose, as well as those that rely more heavily than others on coal for electric generation. In addition, because the bill raises energy costs, it hurts rural America much more than urban America. Rural Americans, farmers and non-farmers, spend an average of 58 percent more on energy as a percentag... I feel those idiots in House who voted for this monstrosity are traitors, they certainly are not looking out for the best interest of America or it's citizens. any bill that has to be passed in the middle of the night should be reversed. The way I understand it, the full version wasn't even available for review before it was passed. What idiot votes for something he can't even read? Oh, wait....! CONGRESS! How about impeaching all those boobs and sending them home permanently! with the same benefits regular folks get with the same benefits regular folks get No more of their gold-plated healthcare plans. |
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