Taxpayer Group Urges Senate to Prevent "Harmful Emission" of Energy Tax Bill from CommitteeFor Immediate Release October 27, 2009Pete Sepp
, (703) 683-5700
(Alexandria, VA) – As the Senate Environment and Public Works Committee (EPW) began to discuss the so-called "cap-and-trade" legislation introduced by Committee Chair Barbara Boxer (D-CA) and Senator John Kerry (D-MA), the nation's oldest taxpayer group urged Senators to prevent the bill from being reported out of committee and stop one of the most "harmful emissions" of all. Andrew Moylan, Director of Government Affairs for the 362,000-member National Taxpayers Union (NTU) provided the following the statement on behalf of his organization:
"As the EPW Committee takes up the so-called 'cap-and-trade' proposal, Senators should keep in mind the millions of constituents that would bear the brunt of this economic assault.
An internal memo from the Treasury Department, which was unearthed by a Freedom of Information Act request, detailed the agency's belief that this type of legislation could cost American households an average of $1,761. That's the equivalent of adding almost $150 per month to their utility bills. In a difficult economy, the last thing that hard-working taxpayers need is for Washington to heap more burdens onto their backs.
Supporters of the bill claim that it would be an economic boon for the U.S., but the language of the bill tells a different story. A large portion of the legislation details scores of subsidies and transfer payments under the Orwellian guise of 'transition assistance.' In plain English, this means that the bill's drafters recognize it will result in higher energy prices and job losses for a wide swath of Americans, many of them lower- or middle-class workers.
Members of the EPW Committee should do themselves and the American people a favor: put a cap on this legislation and trade it in for an energy policy that doesn't bring our economy to a screeching halt under the guise of reducing emissions."
NTU is a nonpartisan, nonprofit citizen organization founded in 1969 to work for lower taxes, smaller government, and economic freedom at all levels. Note: additional analyses of cap-and-trade plans are available at www.ntu.org or send a text message to 67292.