[Congressional Record Volume 155, Number 87 (Thursday, June 11, 2009)]
[House]
[Page H6544]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                             CAP-AND-TRADE

  (Mr. PITTS asked and was given permission to revise and extend his 
remarks.)
  Mr. PITTS. Madam Speaker, in a couple of weeks the House is going to 
consider the cap-and-trade legislation that has enormous implications 
for our economy. This 926-page bill, as introduced and considered by 
the committee, has 50 pages on lightbulbs and two sentences on nuclear 
power.
  Recently, I saw a Rasmussen poll of likely voters that indicates 30 
percent of likely voters have no idea what cap-and-trade means. Twenty-
nine percent of them also thought it was some sort of Wall Street 
regulation, and 17 percent thought it had to something to do with 
health care. Only 24 percent had any idea of what it was.
  Cap-and-trade puts a cap or a limit on greenhouse gas emissions, 
including CO2, carbon dioxide. When you breath in, that is 
oxygen. When you breathe out, that is carbon dioxide, CO2.
  According to this legislation, CO2 is pollution. According 
to the bill, if foreign countries don't cap emissions, their goods can 
be hit with tariffs which they call ``border adjustments.'' The loss of 
jobs that will go overseas as a result of this bill is being called 
``leakage.''
  Breathing as pollution, border adjustments, leakage--this bill is a 
massive, bureaucratic, regulatory taxation scheme on energy, linguistic 
obfuscation to cover up the harmful impacts it will have on our 
economy.

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