Against Cap and Trade

American Solutions has a new commercial in the effort to stop the Cap and Trade bill that is being pushed through Congress.

The Markey-Waxman “Cap-and-trade” Energy Tax bill, in the current
form being considered by the House Energy and Commerce committee, would
have the following catastrophic effects by 2035:

1. Reduce aggregate gross domestic product (GDP) by $9.6 trillion annually;



2. Destroy 1,105,000 American jobs per year on average, with peak years seeing unemployment rise by over 2,479,000 jobs;



3. Raise electricity rates 90 percent after adjusting for inflation;



4. Raise inflation-adjusted gasoline prices by 74 percent;



5. Raise residential natural gas prices by 55 percent;



6. Raise an average family's annual energy bill by $1,500 annually; and



7. Increase inflation-adjusted federal debt by 26 percent, or $29,150 additional federal debt per person, again after adjusting for inflation.

Facts from: Heritage Foundation

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Signed,

Daughter of the Electorate