Earlier today Congressman Bob Goodlatte, who has been speaking out in opposition to the Waxman-Markey Cap and Tax legislation for months, delivered the following remarks on the floor of the House of Representatives during debate on this misguided legislation which will raise taxes, kill jobs and lead to more government intrusion. His extended remarks are below:
"I rise today in strong opposition to this bill. This legislation has devastating consequences for every single American. It would be true democracy to allow the people's representatives to have a say about what is in this legislation. However, committees with jurisdiction, including the Agriculture Committee, were not allowed to mark-up the bill and make changes. We, Republicans and Democrats, filed amendments to attempt to change this legislation and make it better for the American people. Of the over 200 amendments submitted to the Rules Committee one was made in order. In shutting down this democratic process the Speaker of the House has taken away the voice of the American people.
The simple truth behind this legislation- it raises taxes, kills jobs and will lead to more government intrusion. Many have said the "Peterson compromise" is a win for farmers. Let me be clear, this legislation is not a win for American famers. Agriculture is an energy intensive industry, and this legislation will make the cost of energy even higher for everyone. It is estimated that this bill will raise electricity rates 90%, gas prices 74%, and natural gas prices 55%.
In effect this legislation turns off the ability to produce energy from reliable sources in favor of energy technologies that have not proven that they can meet the energy demands of our nation. We cannot ignore that America's economy is intrinsically linked to the availability and affordability of energy. During this economic slow-down we should adopt policies that seek to rebuild our economy and create more jobs. We need reliable and affordable energy supplies. Unfortunately, cap and trade legislation would only further cripple our economy."
The Waxman-Markey Cap and Tax legislation is scheduled to be voted on by the House of Representatives on Friday, June 26th.