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Mike Pence Declares War

Rep. Mike Pence (R-Ind.), the chairman of the House Republican Conference, just announced that we are at war. In a post at RedState with the headline A

Jul 31, 2020
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Rep. Mike Pence (R-Ind.), the chairman of the House Republican Conference, just announced that we are at war. In a post at RedStatewith the headline “A Declaration of War,” he wrote:
There is a war brewing between liberals on Capitol Hill and the hardworking citizens of the Midwest, notably those of my home state of Indiana.
It comes in the form of an energy proposal known as “cap and trade” which would cap greenhouse gas emissions from regulated entities and require businesses to acquire permits or “allowances” for their emissions. The bill should actually be called “cap and tax” because it basically establishes a national energy tax. Under the guise of protecting the environment, the bill will increase taxes on every American who uses any form of energy and would have a devastating impact on the Indiana economy and Hoosier taxpayers. Washington politicians love it because they can claim that they are taxing polluters when in effect they are actually taxing middle class American families and workers. [...]
Let me be clear: cap and tax is a job killer.
With small businesses and factories being forced to cut jobs or close their doors, more Americans will be out of work and unable to support their families. Those few businesses and factories that manage to stay open will only do so by passing their increased energy costs on to consumers.
The heightened rhetoric has become increasingly necessary as a business-environment coalition has formed to promote cap-and-trade. Just yesterday, five top industry CEOs, including the heads of Duke Energy, ConocoPhillips and DuPont, testified before Congress to voice their support for major climate legislation.
Democrats will almost certainly have to compromise on some of the elements of their climate bill, but this militant language does appear to signal the same kind of defensiveness on cap-and-trade as conservatives have shown in the broader political sphere by labeling Democrats “socialists” and “fascists.”
Camilo Wood

Camilo Wood

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Camilo Wood has over two decades of experience as a writer and journalist, specializing in finance and economics. With a degree in Economics and a background in financial research and analysis, Camilo brings a wealth of knowledge and expertise to his writing. Throughout his career, Camilo has contributed to numerous publications, covering a wide range of topics such as global economic trends, investment strategies, and market analysis. His articles are recognized for their insightful analysis and clear explanations, making complex financial concepts accessible to readers. Camilo's experience includes working in roles related to financial reporting, analysis, and commentary, allowing him to provide readers with accurate and trustworthy information. His dedication to journalistic integrity and commitment to delivering high-quality content make him a trusted voice in the fields of finance and journalism.
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