ATR Energy Fact of the Day: Cap-and-Trade Costs U.S. 2.5 million jobs
ATR Condemns House Passage of Democrat National Energy Tax Bill
WASHINGTON, D.C. –Americans for Tax Reform (ATR) continues to oppose H.R. 2454, the “American Clean Energy and Security Act,” otherwise known as “cap-and-tax” or the National Energy Tax bill. The bill passed 219-212, with 211 Democrats siding with Nancy Pelosi to support the broadest tax increase this year. Eight Republicans crossed party lines to support the Democrat bill.
Fact: Cap-and-Trade will increase American unemployment by 2 million jobs in 2012, and reach 2.5 million by 2035.
“The working class is the first to suffer if Waxman-Markey passes the U.S. Senate. Cap-and-Trade is nothing more than a massive national energy tax that forces employers to cut jobs or ship them overseas, both resulting in fewer American jobs,” says Grover Norquist, President of Americans for Tax Reform. “Given the current unemployment rate, nearly 10%, it is hard to imagine how legislators could promote job loss – hurting the people they are elected to serve.”
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