Tag Archives: economic

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States Committing Suicide? Tariffs Added to HR 2454 / 2998 / Cap & Trade At Their Insistence Puts Bill Over The Top in the House

Updated July 9, 2009

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Some have postulated that the current period resembles that of the early 1930s in America. It’s difficult to argue.

The Smoot-Hawley tariff act was a very ill-advised measure taken by the Hoover administration that seriously crippled the ailing US economy during the 1930s. It levied tariffs on a large number of  imported goods, which touched off reciprocal measures by foreign countries.

In an effort to protect American manufactures, the unintended consequences resulted in the opposite effect intended. The whole move helped slow the US economy.

Click the picture to read the Denver Post article
Click the picture to read the Denver Post article

The Denver Post article, above, dated July 5, notes that there was a protectionist measure added by to HR 2454 at the last moment that could have a similarly damaging effect on trade; tariffs will be levied on items manufactured in countries that do not implement carbon reducing measures.

The Post article points out that HR 2454 presents a trade conundrum for the U.S.

The conundrum is that if there is no protectionist measure implemented, companies will simply stop buying U.S. manufactured goods because they will cost more due to the increased costs – TAXES – levied by Cap & Trade and the costs of complying with the minute details contained within it.

But, if the U.S. implements tariffs, it could set off retaliatory measures by other countries.

In other words, Cap & Trade is bad for business. It doesn’t take a rocket scientist. The Post notes that the bill may not have passed if the tariff provision had not been added and it seems some states pushed for its addition.

I have a wild proposal: Instead of states pushing for trade protection measures being including in a hideous piece of legislation, how about those states protect trade / business in their own states by standing firmly on “HELL NO” to Cap & Trade?

This particular part of the editorial and the idea that states were complicit in the passage of the bill through the House highlights how far afield all levels of government have gotten from common sense, and how important it is that we all put a lot of pressure on our Governors and state legislators to assert the rights noted in the Tenth Amendment.

Beyond highlighting the states issues, the article correctly notes that the bill stands to have little impact on the very “problem” it hopes to solve (carbon emissions) while threatens to seriously cripple our economy.

Updated July 9:

Thanks to Crista Huff, who puts out an excellent email newsletter, a story in the May 24, 2009, Washington Examiner came to my attention. As of that date, the movement of the bill seemed very much in doubt.

Click the picture to read the full Washington Examiner story
Click the picture to read the full Washington Examiner story

The date projected for a potential vote was sometime prior to the August recess.

The reason the bill’s potential was in doubt at the time, according to the story, is that there were a number of Democrats who were not predisposed to

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Cap & Trade HR 2454 (2998) TARGET: 300 Pages & The Senate

HR 2454 Printed Out

**UPDATED July 8, 2009**

Last week, a number of Tea Party organizers and grassroots leaders from various states participated in a conference call and worked together to compile information quickly to deal with the rather surprising news that the Cap & Trade bill, previously thought to be indefinitely stalled, was going to the House floor for a vote.

We were able to get information out through a lot of information quickly. It is more than unfortunate that the bill did pass, but all the efforts across the country appeared to have some impact; clearly some members of Congress felt the heat; the vote was closer than expected.

This bill is not guaranteed to become law. There seem few breaks these days when considering the absolute toxic waste coming out of Washington, D.C., but we have one at this very moment; Congress is on a holiday break.

It is difficult to determine precisely when, but by all accounts, the Senate will take up this bill either immediately upon returning to D.C. or shortly thereafter, which by the Congressional calendar is July 6.

Updated July 7: It was discovered today that a Senate rule requires that the committee in charge of the bill must be notified one week in advance of a floor vote. As of 5:00pm central time on 7/7/09, no notice had been given to the EPW Committee. To read more about EPW, click HERE.

That means we have a little time, and I do mean a little, to read the 300 pages that were inserted by way of the “one amendment” that was approved at 3:30am June 26, the same day as the vote.

We convened another conference call on Monday evening to determine how best to go about defeating this bill. We decided to divide the 300+ pages of changes up into sections among those willing to read and summarize and to aggregate that information in one place. We will reconvene tonight to check our status and see if there is anything else that can and should be done.

People have less time to do their “‘reading assignments” than previously hoped; it took much of Tuesday to nail down a separate file of the 300+ pages. These pages were integrated into the rest of the bill, which is now 1200 pages in length.

In addition to reading the changes, we also agreed to consolidate information once again. I have been sent a lot of good information and I will be posting it here.

Updated: Another conference call was held July 7. Jim of TX had done some work over the weekend to break the bill down to a more digestible form. Several people offered to help in this process.

In addition, a number of additional action steps were discussed, which can be found on the “Suggested Actions” post, linked below.

Due to the fact that this is a large quantity of information, I will be breaking the information into categories.

The links to these categories will go live as I get them done.

Bill Versions and Process on House Rules Site

Note: The above link for some reason as of July 7 didn’t include the 1,428 page version passed by the House on June 26

Full Version Passed By the House (1,428 Pages)

PDF of the 309 Pages Added:

CLICK on the image to view document
CLICK on the image to view document

Analyses of HR 2454 to date of which we are aware:

Scribd PDF version of Sprueill & Williamson of National Review Online: “A Garden of Piggish Delights”

CLICK to read the document
CLICK to read the document

Suggested Actions

“Pink Slip Campaign”

Senate contact information

Summaries of HR 2454 prior to the Amendment process

Comments on the bill’s potential for passage

News Stories By Subject

Videos

Interesting Sites for additional research not included in any summaries (as of July 9) or containing additional information:

CLICK to visit Global Warming Hoax
CLICK to visit Global Warming Hoax

Global Warming Hoax

Includes videos, forums, newsfeeds, articles and book lists.

Click the image to view the Heritage Foundation's page on Energy and Environment
Click the image to view the Heritage Foundation's page on Energy and Environment
Click the image to view the Heritage Foundation's page on Energy and Environment
Click the image to view the Heritage Foundation's page on Energy and Environment