Sen. Orrin Hatch (R-Utah) today voiced his strong support for a common-sense amendment by Senate Republican Leader Mitch McConnell (R-Kentucky) that would prohibit the Environmental Protection Agency (EPA) from implementing greenhouse gas regulations which would dramatically increase energy costs. Hatch has long been concerned that the Obama administration is trying to bypass Congress and enact cap and trade legislation through regulation.
"With energy prices continuing to climb, stopping the Obama administration from enacting this job-destroying proposal just makes sense," said Hatch, co-sponsor of the McConnell Amendment to the Small Business Act (S.493) that is scheduled for a Senate vote today. "This has been the most anti-energy Administration I have ever seen, and every American family and small business in the country will be paying the price at the pump.
"Now, this White House and its Washington allies want to further inflame gas prices with expensive carbon reduction regulations," Hatch added. "No matter how you cut it, Americans will be left paying the bill for these extreme regulations which raise energy costs, kill jobs by the millions, increase our dependence on foreign oil and dramatically reduce government revenue from employment taxes and energy royalties. I've never seen a policy more destructive to our citizens and to America's strength."
The U.S. Chamber of Commerce recently listed 351 planned energy projects that have been artificially slowed down or stopped by Obama administration red tape, 140 of which are renewable energy projects. The stalled energy projects translate to approximately $1 trillion of lost GDP and roughly 2 million lost construction jobs, about 40,000 jobs for every state in the nation.