For the past two days, the Energy and Commerce Committee has been marking up the Waxman-Markey “Cap-and-Trade” bill. It will impose a huge, new cost on all energy (estimated at $4,300 per family each year) and destroy millions of American jobs.
While the price of everything will go up, the effect on electricity prices will be particularly dramatic. Last night, Republicans put forward a straightforward amendment to require that utility bills indicate the increased cost of electricity that will result from this legislation. The Democrat majority on the Committee rejected this commonsense measure. That’s right: they actually voted against disclosing these costs to consumers on their utility bills!
Today, in another partisan vote, the Democrats have added an amendment to essentially require every new and existing home sold in America to be inspected and labeled as to its energy efficiency. If you thought the emissions tests required by the DMV were a pain, just wait to have your home inspected and “labeled.” In addition, on a party-line vote, the Majority has included a mandated study on requiring all products sold in the United States, down to potato chips, to be labeled as to their CO2 “content,” showing how much CO2 is emitted in the manufacturing of each product. If you think government is big now, get ready for it to be stunningly bigger and more invasive!