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Tuesday, June 3, 2008

Inhofe: We Don't Need a Climate Tax on the Poor

U.S. Senator James Inhofe in the Wall Street Journal:

With average gas prices across the country approaching $4 a gallon, it may be hard to believe, but the U.S. Senate is considering legislation this week that will further drive up the cost at the pump.

The Senate is debating a global warming bill that will create the largest expansion of the federal government since FDR's New Deal, complete with a brand new, unelected bureaucracy. The Lieberman-Warner bill (America's Climate Security Act) represents the largest tax increase in U.S. history and the biggest pork bill ever contemplated with trillions of dollars in giveaways. Well-heeled lobbyists are already plotting how to divide up the federal largesse. The handouts offered by the sponsors of this bill come straight from the pockets of families and workers in the form of lost jobs, higher gas, power and heating bills, and more expensive consumer goods.
President Bush says he will veto the US $6 trillion spending bill if it reaches his desk in its present form.

Update: Inhofe: Lieberman-Warner a regressive tax with no benefits

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