Cap and Tax Eight ALONE Could Be Responsible for 500,000 Jobs Losses
What do the Cap and Tax Eight Republicans have against hard working Americans?
You won’t believe this! According to a recent Cap and Trade report from The Heritage Foundation:
Frank LoBiondo voted for 3,575 job losses in his own district within the first year of Cap and Trade. Frank LoBiondo’s Cap & Trade vote alone could be responsible for as many as 54,528 people to losing their job from 2012-2035.
Official website: http://www.house.gov/lobiondo/
Frank LoBiondo [R-NJ]
Christopher Smith voted for 3,719 people to join the unemployment line in his own district in the first year of Cap and Trade alone. Chris Smith also voted for 56,712 people to likely lose jobs in his district from 2012-2035.
Official website: http://www.house.gov/chrissmith/
Christopher Smith [R-NJ]
John McHugh voted to ensure that 3,247 become unemployed in the first year of Cap and Trade. John McHugh also voted to send 43,440 people to the unemployment office between 2012 and 2035.
Official website: http://mchugh.house.gov/
John McHugh [R-NY]
Mary Bono Mack voted for 4,049 people to lose their job in the first year of Cap and Trade. Mary Bono Mack also voted for 67,752 people in her own district to lose their job as a result of Cap and Trade legislation between 2012 and 2035.
Official website: http://bono.house.gov/
Mary Bono Mack [R-CA]
Dave Reichert voted to make sure that 4,756 Reichert constituents become unemployed in the first year of Cap and Trade. Dave Reichert also voted to send 81,720 people in his own district to the unemployment office between 2012 and 2035. 81,720 jobs held by his constituents lost because of one little vote… Yikes! That’s gotta hurt in 2010…
Official website: http://www.house.gov/reichert/
Dave Reichert [R-WA]
Leonard Lance voted to make sure that 3,842 of his own constituents lose their job in the first year of Cap & Trade. Leonard Lance also voted for 58,584 people in his district to lose their job sometime between 2012 and 2035. Why Leonard? Why…?
Official website: http://lance.house.gov/
Leonard Lance [R-NJ]
Michael Castle voted for 4,712 people to lose their job in the first year of Cap & Trade. Michael Castle’s “Yes” vote for Cap and Trade will likely result in 78,360 job losses within his own district between the years 2012-2035. Shame on you Michael Castle, shame on you…
Official website: http://www.castle.house.gov/
Michael Castle [R-DE]
Mark Kirk voted for 4,164 people to lose their job in the first year of Cap & Trade. Mark Kirk also voted to terminate 70,344 jobs in his own district (right there in the Chicago suburbs) sometime between 2012 and 2035 as a result of his support for Cap and Trade… I guess ya gotta make sacrifices for the Planet, even if that means 70,000 jobs! Did you REALLY read the entire Bill Congressman?
Official website: http://www.house.gov/kirk/
Mark Kirk [R-IL]
The Heritage Report shows the detailed economic impact of Waxman-Markey (aka Cap and Trade or “Cap & Tax”) by Congressional District. Find The Report Right Here.
Oh and by the way… this report was available for these so called “Republicans” to read before the vote… Despite what anyone tells our Eight “Alleged” Republican friends, it’s still never too late to resign, I’m just sayin’…
This is Jason Bradley, thank you for reading.
© 2009 ExcellenceInAmerica.com – All Rights Reserved
Source: Karen Campbell, Ph.D., and David Kreutzer, Ph.D. “Waxman-Markey Global Warming Bill: Economic Impact by Congressional District”. The Heritage Foundation. Link to the Report Here. (pdf File) or HTML Here.
(Total jobs lost 2012-2035 per Congressman calculation: Avg. estimated job loss in the report multiplied by the 24 year period in the report)
Don’t know who the Cap & Tax 8 are? No problem would love to tell ya!
#1 Congresswoman Mary Bono Mack [R-CA]
#2 Congressman Michael Castle [R-DE]
#3 Congressman Mark Kirk [R-IL]
#4 Congressman Leonard Lance [R-NJ]
#5 Congressman Frank LoBiondo [R-NJ]
#6 Congressman John McHugh [R-NY]
#7 Congressman Dave Reichert [R-WA]
#8 Congressman Christopher Smith [R-NJ]
Here’s a little video to get you up to speed, 2010 Congressional Election isn’t far off and I’d hate to let you vote without knowing the TRUTH about these 8 Republicans! Watch it here.
Trackbacks:
GOP Cap-and-Tax 8 Watch: Rep. Kirk reportedly out of Senate race; Update: Still waffling By Michelle Malkin
Breaking: Senate postpones cap-and-trade HotAir.com by Ed Morrissey
Tea Party sign of the week By Michelle Malkin
These estimates of job losses are probably only the tip of the iceberg. If steel, aluminum, copper, fertilizer and concrete manufacture are driven overseas the taxes from the manufacturer and their employees go with it. This mean less government income, more taxation and/or more borrowing. More borrowing means higher interest rates and less available for private industry to invest in keeping and making new jobs.
Next, the price of those products made overseas would be necessity be higher; currently the domestic supplier is holding market share against those same foreign suppliers by being more competitive. Thus the new foreign made goods would be higher in cost. This means to get the same goods we would have to pay more, having less for other goods.
The next consequence would be that domestic suppliers using these foreign raw materials would have a higher price for their finished goods making them less competitive. That would allow a foreign manufacturer of those finished goods to drive our domestic manufacturer out of the market, costing more jobs and tax income to be exported.
Once the raw material plants and the finished goods plants are closed and the workers unemployed they won't be able to afford the services and goods provided provided by their neighbors – more lost jobs.
As you can see and imagine this is only the first level of consequences. There are many more.
I just think it should be common sense that this bill doesn't make any sense. I just wonder who the special interests are behind these 8 liberal repubs