'An irresponsible proposal that will do more harm than good'

House Republican Conference Chairman Mike Pence (Ind.), in Pittsburgh on May 26 at the first of several energy summits House GOP members planned to hold around the country during the Memorial Day recess to discuss the Waxman-Markey cap-and-trade bill.

May 26th, 2009

House Republican Conference Chairman Mike Pence (Ind.), in Pittsburgh on May 26 at the first of several energy summits House GOP members planned to hold around the country during the Memorial Day recess to discuss the Waxman-Markey cap-and-trade bill:

"There is no doubt that the Democrats' misguided bill will kill jobs, raise taxes, and lead to more government intrusion. This national energy tax is an irresponsible proposal that will do more harm than good.

"If a cap-and-tax bill becomes law, estimates suggest that household energy costs could rise by an average of $3,100, or by even $4,300 according to a recent Heritage Foundation study of the Waxman-Markey bill. And those hardest hit by this massive national energy tax will be the poor, who experts agree spend a greater proportion of their income on energy consumption.

"To make matters worse, a devastating consequence of the Democrats' legislation will be fewer jobs for hard-working Americans. Various studies suggest anywhere from 1.8 million to 7 million jobs could be lost. At a time when our nation's economy is suffering, the last thing Congress should do is support legislation that will cause job loss.

"Let me be clear. Republicans want to protect our environment, and believe we can do so while at the same time growing our economy and protecting jobs. Republicans believe we can increase American energy production made by American workers, encourage greater efficiency and conservation, and promote the use of alternative fuels without enacting a national energy tax."

Contact Nick Snow at nicks@pennwell.com

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