[Congressional Record (Bound Edition), Volume 155 (2009), Part 11]
[House]
[Page 14900]
[From the U.S. Government Publishing Office, www.gpo.gov]




                      CONCERNS ABOUT CAP-AND-TRADE

  (Mr. CHAFFETZ asked and was given permission to address the House for 
1 minute and to revise and extend his remarks.)
  Mr. CHAFFETZ. Mr. Speaker, I rise with deep concern about the so-
called cap-and-trade. If the Democrats and President Obama get their 
way, we will have one of the single largest tax increases in the 
history of the United States imposed upon the American people at a time 
when we are struggling for jobs. We need to remember in this country 
that manufacturing is good. It is good.
  Now the administration will tell you that rebates will come for those 
that are in the middle class, but the bill cuts off assistance for 
families making more than $42,000 or individuals making as little as 
$23,000. The Congressional Budget Office expects major increases in 
bureaucracy, adding some $800 million in administration costs annually 
for just the first 10 years.
  Let us remember that the cap-and-trade is one of the largest tax 
increases in the history of the United States, this despite the 
President's promise that 95 percent of Americans would not see one dime 
in new taxes.

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