By Alexa Gitler Talk Radio News Service Sens. Kit Bond (R-MO) and Kay Bailey Hutchison (R-TX) unveiled a new report they co-authored entitled "Kerry-Lieberman: A Multi-Trillion Dollar Gas Tax." The report criticizes the proposed American Power Act and sheds light on the $3.4 trillion in new gas taxes that Americans stand to pay under the new legislation. "It is so important that the public learn just how large a burden the Kerry-Lieberman cap and trade bill would place on American families and small businesses," said Hutchison. Rather than imposing a new gas tax on Americans, Bond and Hutchinson suggested America invest in different forms of energy technologies like hybrid and electric vehicles, as well as low-carbon biofuels. "We can come together on new incentives for hyrbid and electric cars, advance fuels, but what we do not want to do is to punish American families and workers with a $3.4 trillion dollar gas tax," Bond said.