Guest Blogger: Senator David Vitter (R-LA) on Cap and Trade
David Vitter /
This week, the Senate Environment and Public Works Committee began debate on comprehensive climate change legislation, S. 1733, otherwise known as cap-and-trade. This legislation represents a new tax in the order of more than $1,700 per American household annually, and, if it’s passed, American families can expect to see considerable increases in the cost of electricity, gas, food and utilities. It is clear that most Americans families’ standard of living will be reduced if this cap-and-trade bill is approved by Congress.
Every legitimate economic analysis says that this bill is a bad idea ? the Energy Information Administration, the Congressional Budget Office, the National Black Chamber of Commerce, the National Association of Manufacturers, the Brookings Institute and the Heritage Foundation are all in agreement on that point. The impact of these new regulations on American jobs and energy prices cannot be marginalized or ignored. (more…)