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House Dem Calls Bill a ‘Ponzi Scheme’ — ‘If the vote was today, I’d vote ‘no’

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Excerpt from E&E News – May 22, 2009 (Subscription required)

[Gene] Taylor, an 11-term [Democrat] congressman from the Mississippi Gulf Coast, is not ready to buy into the climate bill. “I think of the whole cap-and-trade idea as a Ponzi scheme,” Taylor said. “I don’t like the idea that one factory is cleaner than it has to be so that another a factory is dirtier than it should be, because historically that factory that’s dirtier than it should be ends up in the South. … If the vote was today, I’d vote ‘no.’

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“As DeGette, Doyle and many other Democrats are already seeing, their job will not be easy. It is going to take more than just one breakfast conversation to explain the intricacies of a 946-page climate bill that was long ago branded by Republicans as an “energy tax.” “As this bill is now out there in the public domain, I think people will understand the extraordinary cost that this will impose to business and working families,” House Minority Whip Eric Cantor (R-Va.) said yesterday. “And at the end of the day, that will be what will kill this bill.”

Full article at: E&E News – May 22, 2009 (Subscription:
http://www.eenews.net/EEDaily/2009/05/22/1/

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