NETWORKS IGNORE CAP-AND-TRADE'S COST TO AMERICANS
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Mr. SMITH of Texas. Madam Speaker, the nonpartisan Congressional Budget Office has determined that cap-and-trade legislation will cost American families at least $1,600 a year. Other studies have found that the cost of energy could be up to $3,600 per family. It would be more accurate to call cap-and-trade ``cap-and-tax,'' but you are unlikely to hear about cap-and-tax and its cost by watching the news.
According to the Media Research Center, the three network evening news programs mentioned ``cap-and-tax'' in only four stories from January to May. None of the four stories explained cap-and-tax and its high cost to consumers. The price of gas and electricity will go up, as will the price of food. The media need to report the facts about cap-and-tax and need to tell the American people what it will cost them.