Newt Gingirch on Fox News, June 23, 2009:

I call it cap and tax, they call it cap and trade, that will literally raise electricity rates and lose about 2.5 million jobs according to estimate if this is passed.

The energy tax bill will probably come to the floor on Friday. It is a terrible burden on the American economy. It’s going to deepen the recession, it’s going to increase unemployment, it’s going to hurt every American family if you use electricity, gasoline, diesel fuel, or other things, heating oil. It’s going to hurt you.

I believe if the American people act in the next 72 hours, we can defeat this bill on Friday. It is a terrible energy tax increase.

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