Analysis From Investors Business Daily: Cap and Trade Bill Will Cost You a Bucket of Cash

When looking at Waxman-Markey, “Smoot-Hawley will seem like a speed bump. 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.” Rushed through last night, the bill breaks Obama’s promise that 95% of Americans wouldn’t get a tax increase.