This week the House of Representatives held hearings on a sweeping new law that would impose a cap on carbon emissions and regulate energy and manufacturing in this country. Moderate Democrats in Congress are less than thrilled about telling their constituents they are about to swell the ranks of the unemployed by making it even more difficult for companies in the energy and manufacturing sector to stay in business.
William LaJeunesse reports live from a cement plant in California that will likely shudder due to the new “low carbon” emissions rule just passed by state regulators.
Rep. Jay Inslee (D-WA) and Rep. Joe Barton (R-TX) debate the merits of taking California’s policies national.
[youtube]http://www.youtube.com/watch?v=YDOO7WXXSOM[/youtube]Heritage’s research on U.S. manufacturing vulnerability shows roughly 4 million jobs nationwide will disappear or relocate to other countries. This massive climate bill is a minefield for American families, who will pay extremely higher prices for energy and goods, and for American businesses who will suffer under the heavy hand of government.