Friday, June 26, 2009

Cap-and-tax slams economy without affecting ‘climate change’

Westmoreland: ‘I have never seen a more economically destructive piece of legislation’

U.S. Rep. Lynn Westmoreland today voted against the “cap-and-tax” bill called the American Clean Energy and Security Act of 2009. The bill, which passed 219-212, essentially implements a national energy tax in an effort to limit greenhouse emissions.

“In all my years in elected office, I’ve never seen the people’s representatives pass a more economically destructive piece of legislation than this,” Westmoreland said. “This cap-and-tax system will dramatically raise the cost of business, raise the costs of products, raise the cost of transportation; it will cost many good-paying jobs while at the same time causing the cost of living to soar for American families – about $3,000 a year more in energy costs for the average family of four.

“The numbers just don’t add up. This is liberal fantasy. We can cut our standard of living to the bone and it’s not going to make a difference when China is building six new coal-fired plants a week and when there’s similar growth in India. In case the leaders in Congress and at the White House haven’t noticed, it’s darn hard to find employment right now and this legislation makes it worse by costing the nation well over a million jobs over the next 35 years. And for what? To cut the global temperature by 1 degree by 2050?

“The businesses that provide jobs to Americans are simply going to relocate to other countries with less stringent standards. This won’t lower global temperature. It’ll simply lower our standard of living and make it harder to find work.”

The plan proposed by House Democrats would cost $864 billion, according to the Congressional Budget Office, a price tag the nation couldn’t afford even it hadn’t spent trillions on a stimulus package, a bloated budget and corporate bailouts.

Georgia would have 82,000 fewer jobs than would be expected and would see a loss of $15 billion in GDP by 2035, according to an analysis by the Heritage Foundation.

“When we talk about the costs of these laws, we talk about billions and trillions,” Westmoreland said. “Those numbers are impossible for people to understand. But Georgians understand what an extra $300 to $400 a month in energy costs will do to their family budgets – it’ll be devastating for many families.”

“Every Democratic ‘energy bill’ increases taxes, increases regulation, hurts businesses, raises the cost of living and increases our dependence on foreign oil,” Westmoreland said. “Our best hope is an ‘all of the above’ energy policy, that increases clean sources such as nuclear, and an investment in continued research into energy alternatives.”

Westmoreland points that even leading Democrats admit this bill will hit American families hard.

President Obama has said, “Under my plan of a cap-and-trade system, electricity rates will necessarily skyrocket.” Obama went on to admit that retrofitting power plants “would cost money and they will pass that money on to consumers.”

Michigan Democrat Rep. John Dingell, the longest-serving House member in history, said during an Energy and Commerce Committee hearing: “Nobody in this country realizes that cap and trade is a tax, and it’s a great big one.”

No comments: