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Capito Opposes Damaging ‘Cap-And-Trade' Bill

Press Release

Location: Washington, DC

Citing the damaging economic impact that could result from proposed cap-and-trade legislation, Rep. Shelley Moore Capito, R-W.Va., voted to oppose the bill in today's House vote. She expressed her concerns during floor debate today.

"At a time when families are already struggling just to meet basic needs, the last thing we need is a new energy tax on all consumers," said Capito. "Yet that's what the majority's bill amounts to."

"It's a $646 billion national energy tax that will burden consumers, burden businesses and particularly burden our lower income families. It picks regional winners and losers, with coal-dependent manufacturing states like West Virginia bearing the brunt of this bill."

"Rather than applying this arbitrary and unfair 'cap-and-trade' plan on hard working West Virginians, we need legislation that invests in new technologies and encourages an all-of-the-above energy plan."

Working with the Bipartisan Energy Working Group, Capito recently jointly introduced alternative legislation that would create incentives for cleaner energy use without imposing new taxes on consumers.

"I've joined with a bipartisan group of my colleagues in offering a bill that would use royalties from offshore energy exploration to fund investments in new, cleaner energy technologies - all without raising taxes on American consumers," she added today.

"We all want cleaner sources of fuel and more efficient energy use, but this cap-and-trade bill is not the right way forward."

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