Get ready for the Largest Tax Increase in American History

The US House of Representatives is currently debating a Cap and Trade bill which will amount to a huge tax increase on every American who uses electricity. This bill is suppository to combat Global Warming, despite the fact the earth is currently cooling, but in reality is and enormous regressive tax increase of as much as $3,000 per household per year. This is crunch-time folks. Call, email do something! AFP has a list of things you can do now.

Call your Congressman now! Michelle Malkin has a list of Congressmen who need to be contacted now. The number is 202-224-3121 This bill attempts to regulate CO2 a harmless gas that we exhale every time we breath out. IBD has a superlative editorial on it here:

Not since a misguided piece of legislation imposed tariffs that turned a recession into a depression has there been a piece of legislation as bad as Waxman-Markey. The 1,000-plus-page American Clean Energy and Security Act (H.R. 2454) is being rushed to a vote by House Speaker Nancy Pelosi before anyone can seriously object to this economic suicide pact. It's what Janet Napolitano, secretary of Homeland Security, might call a "man-caused disaster," a phrase she coined to replace the politically incorrect "terrorist attack." But no terrorist could ever dream of inflicting as much damage as this bill. Its centerpiece is a "cap and trade" provision that has been rightfully derided as "cap and tax." It is in fact a tax on energy everywhere it is consumed on everything it is used to make or provide. It is the largest tax increase in American history — a tax on all Americans — even the 95% that President Obama pledged would never see a tax increase. Farmers hope the USDA will be less intrusive. The EPA has been tasked by a Supreme Court ruling to regulate greenhouse gas emissions from your nostrils to your lawn mower. This even covers the emissions of barnyard animals, including the methane from cows. As we've said before, capping emissions is capping economic growth. An analysis of Waxman-Markey by the Heritage Foundation projects that by 2035 it would reduce aggregate gross domestic product by $7.4 trillion. In an average year, 844,000 jobs would be destroyed, with peak years seeing unemployment rise by almost 2 million. Consumers would pay through the nose as electricity rates would necessarily skyrocket, as President Obama once put it, by 90% adjusted for inflation. Inflation-adjusted gasoline prices would rise 74%, residential natural gas prices by 55% and the average family's annual energy bill by $1,500.

Redstate has an update on the phone call campaign and results...