Bad news for the economy as a key vote moves the democrats’ disastrous tax increase – the biggest in history – closer to passage:

The vote was 217-205 to advance the White House-backed legislation to the floor, and 30 Democrats defected, a reflection of the controversy the bill sparked.

The legislation would impose limits for the first time on carbon dioxide and other greenhouse gas pollution from power plants, factories and refineries. It also would force a shift from coal and other fossil fuels to renewable and more efficient forms of energy. Supporters and opponents agreed the result would be higher energy costs, but disagreed widely on the impact on consumers.

Michelle Malkin has live coverage of House action as it unfolds.

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