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Tomorrow House Speaker Nancy Pelosi plans to bring the Waxman-Markey cap-and-trade emissions bill to the floor for a vote. It will be the biggest political risk of her speakership and the first broad-based tax increase of the Obama years. Already President Obama and the Democratic Congress have raised taxes on smokers, boosting the cigarette tax. But a tax increase that affects just a fifth of the electorate is unlikely to lead to a second Boston Tea Party. The Obama budget blueprint anticipates a return to Clinton-era marginal tax rates on upper-income earners, but that can easily be justified as a...

The House of Representatives will vote Friday(Today) on the so-called “American Clean Energy and Security Act of 2009” -- a.k.a the “Waxman-Markey” global warming bill. But whatever you want to call this legislative atrocity, if enacted into law, it will go down in history as the death knell of the American standard of living and way of life. If you hate America, this bill is for you. After decades of fierce battling between rabid greens -- that is, left-wingers masquerading as “environmentalists” -- and the global warming skeptics, few Americans seem to have bought into the bill’s premise ­ that...

It appears that years of debate about climate change and energy may now come down to a vote on an actual bill, the American Clean Energy and Security Act of 2009 (ACES). As I write this, the vote is scheduled for Friday. If it occurs, you will be asked to vote to implement carbon rationing in the United States.   Without regard to party or ideology, I believe that the evidence is clear that this law would be contrary to the public interest. Here is why, in a nutshell: 1.  It would be a terrible deal for American taxpayers. According to the...

WASHINGTON -- House Speaker Nancy Pelosi has scheduled a vote Friday on a sprawling climate-change bill, signaling the Democratic leadership's confidence that it can overcome objections from Farm Belt Democrats.

Last week, the Congressional Budget Office (CBO) released their analysis of the Waxman-Markey climate change bill that had proponents of the bill claiming Americans could save the planet for just $175 per household. That was the figure CBO estimated cap and trade would cost households in 2020 alone.[1]Both the CBO's analysis and the subsequent legislation are troubled: The analysis grossly underestimates economic costs while the legislation will have virtually no impact on climate. Overall, there are a number of basic problems with CBO's analysis: Their allowance cost numbers do not add up; They ignore economic costs such as the decrease...

WASHINGTON – America’s third largest party urged the U.S. House Tuesday to defeat plans for a $1.9 trillion energy tax hike over eight years. House Speaker Nancy Pelosi is attempting to rush H.R. 2454, the Waxman-Markey energy tax bill, to a vote this week. “With unemployment rising above and beyond what President Obama said it would be with the multi-hundred billion dollar stimulus bill, now is not the time to dismantle our economy with a multi-hundred billion dollar energy tax hike,” said William Redpath, Libertarian National Committee Chairman. “Libertarians urge House members to defeat this job-killing tax hike on Americans,”...