Monday, June 29, 2009

Came across a great article...

Cap and tax passes quietly in Congress

June 29, 7:19 AM
by: Kimberly Dvorak

The mammoth 1,500 page cap-and-trade bill passed quietly in Congress on Friday amidst the talk of health care and the death of a pseudo-pop star. Most members of the 111th Congress never read the bill which includes the largest tax increase in American history.

Once the Senate takes up the bill after the summer break, staffers are expected to unearth regulations that could place a stranglehold on all U.S. businesses causing massive new taxes.

Speaker on the House, Nancy Pelosi, D-Calif. scrapped together just enough votes (219-212) to get the cap-and-trade legislation to the Senate. Speaker Pelosi set herself up on this bill as the creator of “jobs, jobs, jobs.” This bill won’t allow... (click here to read the entire article)

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