Thursday
Jul302009
Western Caucus GOP’ers Predict “Cap And Tax” Disaster
By Mariko Lamb, Talk Radio News Service
“Cap and Trade is a jobs killer,” Sen. John Barrasso (R-Wyo.) said in a bicameral Western Caucus hearing on the impact of Cap and Trade on jobs Thursday. He urged the Obama administration to “get their priorities straight,” and start creating jobs.
Bill Kovacs, Senior Vice President of the Environment, Technology, and Regulatory Division at the U.S. Chamber of Commerce, said the Waxman-Markey bill will promote regulatory chaos, foster lawsuits, do great harm to the economy, and ultimately not reduce carbon emissions in the atmosphere.
President and CEO of the Black Chamber of Commerce, Harry Alford pointed to a recent study by Charles RIvers Associates which concluded the Waxman-Markey bill will lead to higher energy and transportation costs fir businesses and consumers, a fall in household disposable income and consumption, decline in purchasing power, a fall in wages and returns on investments, net job loss and a decrease in the U.S.’ ability to compete internationally.
"There are two jobs destroyed for every green job created,” Former GOP Rep. Dick Armey (R-TX) argued. “Global warming might be, in fact, one of the most hyped fictions in America today.”
Armey added that the “most treasured umbrella objective in public policy” right now is to “create the illusion of a crisis and then... demonstrate the need for their policies of government growth and income redistribution as a resolution of the crisis." Armey went on to describe global warming as a “high-profile [fiction] designed to serve the political purposes of the majority party.”
“Cap and Trade is a jobs killer,” Sen. John Barrasso (R-Wyo.) said in a bicameral Western Caucus hearing on the impact of Cap and Trade on jobs Thursday. He urged the Obama administration to “get their priorities straight,” and start creating jobs.
Bill Kovacs, Senior Vice President of the Environment, Technology, and Regulatory Division at the U.S. Chamber of Commerce, said the Waxman-Markey bill will promote regulatory chaos, foster lawsuits, do great harm to the economy, and ultimately not reduce carbon emissions in the atmosphere.
President and CEO of the Black Chamber of Commerce, Harry Alford pointed to a recent study by Charles RIvers Associates which concluded the Waxman-Markey bill will lead to higher energy and transportation costs fir businesses and consumers, a fall in household disposable income and consumption, decline in purchasing power, a fall in wages and returns on investments, net job loss and a decrease in the U.S.’ ability to compete internationally.
"There are two jobs destroyed for every green job created,” Former GOP Rep. Dick Armey (R-TX) argued. “Global warming might be, in fact, one of the most hyped fictions in America today.”
Armey added that the “most treasured umbrella objective in public policy” right now is to “create the illusion of a crisis and then... demonstrate the need for their policies of government growth and income redistribution as a resolution of the crisis." Armey went on to describe global warming as a “high-profile [fiction] designed to serve the political purposes of the majority party.”
Senate Medicare Expansion Proposal 'Worth Consideration,' Says House Majority Leader
House Majority Leader Steny Hoyer (D-M.D.) told reporters Tuesday that the proposed expansion of Medicare being discussed in the Senate is "an idea worth consideration."
"I think [Senate Majority Leader Harry] Reid obviously is trying to get his caucus to a place where he can get 60 votes to pass a health reform bill," he said. "I congratulate him for the extraordinary Herculean efforts that he is making to bring 60 votes together to get something done in the Senate."
The expansion would allow individuals from the ages of 55 to 64 to buy into Medicare and would also create a non-profit funded healthcare plan for those who are not covered through their employers.
Hoyer also said Congress is currently working on job creation legislation, using left over TARP money for infrastructure projects and job creation. He said depending on the components of the bill, it could cost between $75 billion and $150 billion.
"100 billion, 150 billion, 75 billion, those are all figures that are being talked about, depending on what the component parts are," he said. "And I don't think anybody feels that this package will be the only package in terms of jobs that we'll look at over the next two or three months."