The U.S. House of Representatives is expected to vote on the Waxman-Markey Bill, H.R. 2454, on Friday.  The Oracle of Omaha, Warren Buffett, is calling its cap and trade provisions "a Huge Tax."  At more than 1,000 pages, this central planning extravaganza will give the federal government sweeping new powers to control energy producers and users, thereby limiting consumer choice and imposing greater bureaucratic burdens on virtually every business and household in America.  We share Mr. Buffett's view that the financial costs will be staggering.  Perhaps more important, the damage done to America's free enterprise system will be historic, unnecessary, and sad.

 

          See how pleased Mr. Buffett sounds about the prospects?