[Congressional Record (Bound Edition), Volume 155 (2009), Part 9]
[House]
[Page 12539]
[From the U.S. Government Publishing Office, www.gpo.gov]




     THE CAP-AND-TAX PROPOSAL: WRONG MEDICINE FOR AN AILING ECONOMY

  (Mr. SHIMKUS asked and was given permission to address the House for 
1 minute and to revise and extend his remarks.)
  Mr. SHIMKUS. Madam Speaker, a picture is worth a thousand words. And 
this ran in the Wall Street Journal: ``The U.S. recovery: Uncle Sam 
throwing a lifeline out''. And what is it? It is an anvil of a tax. 
This signifies what is happening on this cap-and-tax proposal.
  A 44 percent to a 129 percent increase in electricity costs, gasoline 
up 61 cents, natural gas up 108 percent.
  Don't believe me? Believe Chairman Emeritus John Dingell, who said, 
``Nobody in this country realizes that cap-and-trade is a tax, and it's 
a very big one.''
  Also, President Obama, who said, ``Under my plan of a cap-and-trade 
system, electricity costs would necessarily skyrocket.''
  A tax increase is the wrong medicine for an ailing economy.

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