WASHINGTON – U.S. Sen. Roger Wicker, R-Miss., today released the following statement in response to national energy tax legislation introduced by Senators Barbara Boxer, D-Calif., and John Kerry, D-Mass.:
“The national energy tax that would result from this bill would suppress our economic recovery, cost jobs across our economy, and result in higher prices on everything from energy to food for every single American. The Obama administration’s own estimate found a cap-and-trade scheme could cost American families an extra $1,761 per year. It flies in the face of reason to believe this kind of tax increase would benefit American families or our nation’s economic recovery. This is the wrong bill at exactly the wrong time.”
Background: It was reported earlier this month that an analysis prepared by the Obama administration on the effects of a cap-and-trade program found it would result in a tax increase of $100 to $200 billion per year. This could result in a $1,761 tax increase for American families.
to read more on Sen. Wicker’s position on cap-and-trade legislation.
Posted September 30, 2009 - 11:56 am