Tomorrow (6/26) in Washington the House will vote on a climate change bill similar to that of Scotland's, which our Governor recently praised. In fact, this bill calls for an 80% reduction of greenhouse gas emissions by 2050, ironically the same as Scotland. Peter Schiff agrees with Glenn Beck that this is creating a new derivatives market, it's a new hidden tax and- to top it off- their giving the EPA a blank slate. "Didn't they learn anything from TARP?" he asks. Considering the bill is over 400 pages we can assume another vote will be made before representatives have a realistic opportunity to read it. Big companies and gigantic corporations are behind this... 85% of the money is going to special interest, not the treasury. If the bill passes, it will move onto the Senate.
An insider’s look at what's happening in Sacramento.
