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Mr. DOYLE. Madam Speaker, today we have a historic opportunity to create thousands of clean-energy jobs, to secure this country's energy future, and to give our kids and grandkids a brighter, cleaner planet. Madam Speaker, we do that while protecting our basic industries like steel, aluminum, cement, and our ratepayers, both residential, commercial and industrial.
I was proud to work on this committee with my friend and colleague JAY INSLEE to develop a formula that looks at our carbon intensive industries like steel, that have trade pressures, and level the playing field for them so that we don't lose jobs. This bill wasn't going to cause any jobs to be lost. This is a job-creating bill, and you don't need to take my word for it.
I have a letter from the international president of the steelworkers union--people whose very jobs would be on the line if we didn't get this right--who endorses this bill, who says this bill will create more jobs for steelworkers in Pittsburgh.
And we do that by rewarding efficiencies. We say to our carbon-intensive industries, Be average in your sector. We will make you whole for the cost of this program.
The SPEAKER pro tempore. The time of the gentleman has expired.
Mr. WAXMAN. I yield the gentleman an additional 30 seconds.
Mr. DOYLE. For those industries that invest and become more efficient, we give them more rewards. We encourage efficiency in our markets at the same time, giving them a level playing field with their competitors. We do the same thing in the electricity markets.
Every one of my constituents get their electricity from coal. We protect those ratepayers. Thirty-five percent of the allocations in this bill go towards protecting residential, commercial and industrial ratepayers. This is not a job loser. This is not a rate hike for consumers; $173 a year for the average family in America as a result of this bill. That's a small price to pay for a cleaner planet and more jobs for America.
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