With months of closed doors meeting and cutting deals with industry, Sens. John Kerry (D-Mass.) and Joe Lieberman (I-Conn.) finally unveiled their cap-and-trade bill. After helping to craft the bill, this bill contains many giveaways to industry and the end result is this bill that will increase the cost of every aspect of business and cost every individual citizen to turn on the lights and put gas in the car.
Sens. Kerry and Lieberman have put together an enormously expensive government power grab worse than the recently passed health care reform bill. It will create huge costs for every American family, job losses and redistribution of wealth with no environmental benefit. The escalating costs, mandates, penalties, regulations and taxes in this bill will prove to be a death blow to our economy as it struggles to climb out of a recession. This bill actually creates 60 new agencies, boards, reports and programs that will only bleed money while strangling businesses. This is by far the most egregious expansion of government in history, and our economy cannot withstand it.