My understanding is that US House Speaker, Nancy Pelosi, is pushing hard on this one.
At the Heritage Foundation they are saying this law is bad for consumers and business.
"Presented as a comprehensive energy bill, the American Clean Energy and Security Act of 2009 (ACES) offers nothing more than subsidies and mandates for unsuccessful, unproven energy sources coupled with taxes on reliable energy sources that falsely claim to stimulate the economy by investing in clean technology and creating green jobs. This government-centric approach will destroy jobs and drive up energy prices for years to come."
So I urge anyone reading this to contact their representative in Washington DC and repectfully request that they vote down this job killing legislation.
Here is what I said...
Dear Representative Buchanan,
This note is to ask you vote against the American Clean Energy and Security Act today.
Of the many agenda items the new president and Democratically controlled congress are trying implement, this one has to be near top of the list of Things That Will Kill the US Economy. Some of the others being Public Health Care, the lack of oversight on Freddie Mac & Fannie Mae, and two more trillion dollars of deficit spending.
While I support common sense ideas to reduce air pollution, placing an enormous burden on our economy is simply wrong headed and out of sync with the needs of the country and the world. The Democrats in congress have already decimated the financial, construction, and auto industries. They must be stopped.
What this country needs is to revive our economy ad that can only happen if government stops implementing expensive programs that slow everything down and cause unchecked inflation. Then start implementing common sense tax cuts in the form of realistic health care deductions, reducing or eliminating capital gains taxes and reducing or eliminating corporate taxes for starters.
Once again, I thank you for your support.