 merrie says: Main Switchboard at 202-224-3121 U.S. House of Representatives Warren Buffett Opposes the Energy Tax Billionaire investor Warren Buffett supported Barack Obama's Presidential bid last year, and has never been a proponent of major tax cuts. But in an interview today with CNBC, Buffet slammed the new Energy Tax being voted on in Congress this week saying it is a "huge tax" that will "harm an awful lot of people". Warren Buffett Slams Speaker Pelosi's Huge National Energy Tax While Buffett's opposition to this legislation underscores the damage the Energy Tax will do to our economy, you don't have to be a financial wizard to know that a massive tax increase isn't the cure to our ailing economy. In fact, it could turn this recession into the next Great Depression. The U.S. House of Representatives will vote Friday on the new Energy Tax legislation that will cost working families thousands of additional dollars annually in energy cost. House Speaker Nancy Pelosi announced the deal after reaching a compromise with rural Democrats after dropping provisions to allow the EPA to regulate the environmental impact of farming. While Democrats in these agricultural districts are hailing this as a victory, farmers will still be forced to pay more for gas to power equipment, higher transportation cost, and more for electricity powering their homes and buildings. Speaker Pelosi made the passage of the Waxman-Markley Energy Tax bill a personal mission using her political influence to hammer out the compromise within her party. Speaker Pelosi now believes see has enough votes to secure passage in the lower cham... |
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