Promises, promises.
What comes after a trillion? Whatever it is, that’s what we’ll end up paying in taxes and lost jobs if this makes it through Central Planning. Call it the Pay up Suckers, Kiss Prosperity Goodbye, Trust us you Fools Act of 2009:
Chairman Henry A. Waxman of the Energy and Commerce Committee and Chairman Edward J. Markey of the Energy and Environment Subcommittee today released a draft of clean energy legislation that will create jobs, help end our dangerous dependence on foreign oil, and combat global warming. The American Clean Energy and Security Act of 2009 (ACES) is a comprehensive approach to America’s energy policy that charts a new course towards a clean energy economy….
ACES? Not in my deck.
UPDATES:
1. Speaking of ACES. From Ace of Spades HQ headlines:
2. In a post about April Fools Day tax increases, Ed Morrissey notes:
The increase in “fees” charged to energy producers will hit the lowest income earners the hardest as energy costs will skyrocket. It will eat up the disposable income of working-class families, some of whom may have to choose between heat and food in winter, thanks to the decrease in production and the rise in prices as producers pass along costs to the consumer.
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