National Energy Tax

Floor Speech

National Energy Tax

Ms. FOXX. Mr. Speaker, the Democrats' climate change ``compromise'' bill passed by the Energy and Commerce Committee is still a job killer that will hit every American with a national energy tax. This plan will have a devastating impact on the price at the pump and utility bills across the country. One estimate for a similar proposal found that families would pay more than $3,100 a year in extra energy costs.

Representative John Dingell said it best: ``Nobody in this country realizes that cap-and-trade is a tax, and it's a great big one.'' Even the President admitted that his energy plan would cause energy prices to ``necessarily skyrocket'' and that the costs will be passed on to consumers. Various estimates suggest anywhere between 1.8 and 7 million American jobs could be lost. Manufacturing jobs will relocate to countries with less stringent environmental regulations like China and India, inflicting greater harm on American families and small businesses while doing even greater damage to the environment.

The American people know we can do better. Republicans also support a clean environment and have a comprehensive energy solution that lessens our dependence on foreign oil and leads us to a stronger economy.

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