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May 20, 2009
Democrats Vote for $5/Gallon Gas
Republicans offered an amendment to the cap and tax bill that would have suspended the expensive new plans should gas hit $5/gallon.
Democrats voted to shelve it. Plus other circuit-breaker type measures:
Democrats Vote for 15 Percent Unemployment. Democrats rejected a GOP amendment that made clear that if the U.S. unemployment rate should exceed 15 percent, then the national energy tax would cease to be effective.
Democrats Vote for Skyrocketing Electricity Costs. Democrats rejected a GOP amendment that would have protected residential customers from higher electric utility rates. The amendment would shelve the national energy tax if electricity rates increase by more than 10 percent over 2009 rates.