It's Cap & Trade Friday– The BIGGEST LIBERAL TAX In US History …Updated With Newt Tweet

The House will vote on the cap-and-tax bill today.
It is the largest tax in American history.

The state-run media is pushing hard for the junk science legislation to pass the House today.

Today is the planned vote on cap-and-trade, H.R. 2454. Speaker Nancy Pelosi has called a vote on this massive boondoggle before the 4th of July recess.

Michelle Malkin has a list of representatives on the fence.
Power Line sees this record tax limping across the finish line.

Democrata know this program will cost American families thousands of dollars. Senator Barack Obama admitted this last year in an interview with San Francisco Chronicle:

Under my plan of a cap and trade system electricity rates would necessarily skyrocket. Businesses would have to retrofit their operations. That will cost money. They will pass that cost onto consumers.”

Barack Obama admitted cap and trade legislation would cause electricity prices to skyrocket.
Cap and trade will likely cost $700 to $1,400 dollars per US family per year:

Democratic Congressman John Dingell (D-MI) summed up cap and trade at a Congressional hearing on April 24th– “It’s a Great Big Tax!”
It’s not just a great big tax… It’s the biggest tax in US history.

UPDATE: Newt tweeted:

Early this morning, Waxman dropped a 300-page amendment into it.

UPDATE 2: Michelle Malkin is liveblogging this cap and tax national disaster.

UPDATE 3: More from Instapundit— INVESTOR’S BUSINESS DAILY ON WAXMAN-MARKEY: “The House of Representatives is preparing to vote on an anti-stimulus package that in the name of saving the earth will destroy the American economy. Smoot-Hawley will seem like a speed bump.”

UPDATE 4: Greenpeace opposes the bill?

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Jim Hoft is the founder and editor of The Gateway Pundit, one of the top conservative news outlets in America. Jim was awarded the Reed Irvine Accuracy in Media Award in 2013 and is the proud recipient of the Breitbart Award for Excellence in Online Journalism from the Americans for Prosperity Foundation in May 2016. In 2023, The Gateway Pundit received the Most Trusted Print Media Award at the American Liberty Awards.

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