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Four Years To The Day…Obama Lobbied Congress For Cap-And-Trade, Now He’s Back For New National Energy Tax

June 25, 2013

  • Four years ago today, President Obama took to the podium to pressure Congress into supporting his job-killing national energy tax known as “cap-and-trade.”

  • It’s an unhappy reminder of a scheme that even President Obama admitted would cause electricity rates to “necessarily skyrocket.”

  • Now, Obama is ready to introduce new regulations that will increase energy costs and stifle job creation.

  • President Obama can try and resurrect more schemes like cap-and-trade that will raise prices for consumers and hurt economic growth, but the verdict was delivered four years ago when his plan passed a Democrat House, but was subsequently ignored by a Democrat Senate.

obama-cap-and-trade

On June 25, 2009, President Obama Spoke In The Rose Garden Calling On Congress To Pass His Cap-And-Trade Bill. (President Barack Obama, Remarks, Washington DC, 6/25/09)

San Francisco Chronicle: “Obama Defends Climate Bill’s Cap-And-Trade Plan” (Richard S. Dunham, “Obama Defends Climate Bill’s Cap And Trade Plan,” San Francisco Chronicle, 6/25/09)

At The Time, The Wall Street Journal Called It “The Biggest Tax Hike In American History.” “Americans should know that those Members who vote for this climate bill are voting for what is likely to be the biggest tax in American history. Even Democrats can’t repeal that reality.” (“The Cap and Tax Fiction,” The Wall Street Journal, 6/26/09)

In 2008, Barack Obama Said His Cap-And-Trade Program Would Cause Electricity Rates To “Necessarily Skyrocket.” (Youtube.com, Accessed On 6/25/13)

President Obama Will Announce Regulations To Limit Carbon Dioxide Emissions From Power Plants. “President Barack Obama’s national plan to combat climate change will include the first-ever regulations to limit carbon dioxide emissions from existing power plants, as well as increased production of renewable energy on public lands and federally assisted housing, environmental groups briefed on the plan said Monday.” (Josh Lederman, “AP sources: Obama to limit carbon at power plants,” Associated Press, 6/24/13)

The Hill: “Obama Unveils Climate Change Plan That Goes Around Congress” (Ben Geman, “Obama Unveils Climate Change Plan That Goes Around Congress,” The Hill, 6/25/13)

Cap-And-Trade Passed The House On June 26, 2009.  (H.R. 2454, Roll Call Vote 477, 219-212, 6/26/09)

Christian Science Monitor: “Harry Reid: Senate Will Abandon Cap-And-Trade Energy Reform” (Gail Russell Chaddock, “Harry Reid: Senate Will Abandon Cap-And-Trade Energy Reform,” Christian Science Monitor, 7/22/10)