Waxman Certain Massive Cap & Trade Tax Plan Will Pass Through Committee Next Week

Democrat Congressman Henry Waxman, (D-Calif) announced that democrats will push their “great big” cap and trade tax plan out of committee next week.

Barack Obama admitted that his cap and trade plan will cause electricity rates to necessarily skyrocket:

This new tax will cost America 4 million jobs and will likely cost every American family $700 to $1,400 dollars a year.
It’s really just unbelievable.
FOX News reported:

The top House Democrat charged with navigating controversial “cap and trade” energy legislation through Congress announced Tuesday that the bill will pass the House Energy and Commerce Committee before Memorial Day.

While the panel repeatedly has had to postpone taking up the energy bill because of concerns from a significant number of moderate Democrats, Chairman Henry Waxman, D-Calif., said Tuesday that he is still on pace to meet his extremely ambitious schedule.

“By the end of next week, we will consider and pass the energy legislation,” he said in remarks to the National Community Pharmacists Association annual conference.

In a briefing Tuesday, House Majority Leader Steny Hoyer also was adamant that the bill would go through the final committee stage next week and then be tackled on the floor sometime over the summer.

Hoyer said he was “hopeful we’ll move those out of committee before the Memorial Day break” which starts at the end of the next week.

Waxman skipped the Energy and Environment Subcommittee and proceeded directly to the full 59-member panel for the vote.

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