Here is the Competitive Enterprise Institute’s take on Waxman-Markey:

House Democratic leaders plan to bring to the floor this week the Waxman-Markey energy-rationing bill, H. R. 2454.  If enacted, Waxman-Markey would be the biggest tax increase in the history of the world and the biggest government intervention in people’s lives since the Second World War, which is the last time that Americans needed ration coupons to buy gasoline, food, and other necessities.  The energy price increases required by H. R. 2454, the American Clean Energy and Security Act, are not a one-time event, but will go up steadily year after year until at least 2050.

Speaker Nancy Pelosi (D-San Francisco) and Energy and Commerce Committee Chairman Henry Waxman (D-Beverly Hills) are moving ahead with their stupendous energy-rationing bill despite strong statements from China and India that they will not similarly hamper their economies and impoverish their peoples. Waxman-Markey is all pain and no gain.

Waxman-Markey is a 1,201-page economic suicide note. Those Members of the House who vote for it are voting for long-term economic decline and for turning the United States into a second-rate economy.

We urge that voters contact their Representative immediately by calling the House switchboard at (202) 225-3121. Tell your Representative to vote No on H. R. 2454, the American Clean Energy and Security Act. Voters may also send their Member an e-mail by going to www.cei.org/1984 and clicking on the link to the action page.

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