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“Cap-and-trade would push economy to 'breaking point'”
by OneNewsNow - Pete Chagnon   
June 26th, 2009

American Solutions has launched a new ad attacking the Waxman-Markey Energy Bill.

 The Waxman-Markey legislation -- also known as carbon cap-and-trade -- could come up for a vote in the House as early as Friday. According to American Solutions for Winning the Future, the bill amounts to a massive energy tax on Americans. That is why they have launched an ad called "Breaking Point," which encourages citizens to contact their member of Congress to vote against the bill. The following is an excerpt from the ad:

 "The economic winds are blowing. We're losing our jobs, our homes, factories closing, businesses failing, families hurting. Now Congress is about to make things dramatically worse by passing a new national energy tax. We'll lose more jobs, pay more for gas and electricity -- pushing our economy to its breaking point."

Vince Haley, vice president for research and policy at American Solutions, comments on the Waxman-Markey bill.
 
"This is going to have an impact -- [a] family of four is going to be spending thousands of dollars more a year in energy costs to pay for this legislation over the next several years," he explains. "It's going to raise the price of electricity by some 74 percent -- the price of gas is going to go up by 55 percent."
 
Haley says that President Obama is mistaken by thinking that businesses will cover the extra cost. He says businesses typically pass costs onto the consumer.

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