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"Critics, including billionaire investor Warren Buffett, head of Omaha, Nebraska-based Berkshire Hathaway Inc., say the plan would increase the price of energy.
U.S. Chamber of Commerce Executive Vice President Bruce Josten urged lawmakers to vote against it because he said it wouldn’t ensure development of enough renewable energy sources to make up for the required reduction in fossil-fuel emissions.
“Instead, it would impose 397 new regulations and 1,060 new mandates on the American public,” Josten wrote in a letter sent yesterday.
‘Ridiculous Tax’
House Republican Leader John Boehner of Ohio called the legislation “job killing” and said it would “punish” Americans with a “ridiculous tax.”
Representative Eric Cantor of Virginia, the second-ranking House Republican, called the measure a “national energy tax” on households and small businesses. The measure would lead to “the loss of millions of jobs,” he said."
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