[Congressional Record Volume 155, Number 98 (Friday, June 26, 2009)]
[Extensions of Remarks]
[Page E1631]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                        TAX AND CAP A JOB KILLER

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                           HON. JOHN L. MICA

                               of florida

                    in the house of representatives

                         Friday, June 26, 2009

  Mr. MICA. Madam Speaker, the U.S. House of Representatives today 
passed H.R. 2454, the so-called Cap and Trade bill. I noted in 
opposition to that measure and offer the following statement.
  The Cap and Tax bill could not come at a worse time and could be a 
job killer. The 1,200 page measure will impose a national tax on ALL 
energy and lead to higher energy prices for ALL American households, 
Most families cannot afford the estimated $1,400 yearly increase in 
energy costs. With the economy struggling, this bill, with its 
increased expense to industry, will cause additional unemployment by 
sending jobs overseas where doing business is cheaper. This bill also 
further expands the role of government by imposing new restrictions and 
requirements on everything from light bulbs to water dispensers.
  As the Republican Leader of the Transportation and Infrastructure 
Committee, I want to point out that Transportation accounts for 30% of 
greenhouse gas emissions. This legislation contains significant 
provisions in the committee's jurisdiction, yet we held no hearings on 
this massive tax increase, and willingly surrendered our responsibility 
to consider any amendments to try to improve the bill.
  According to the Heritage Foundation, by 2035 this Cap and Trade bill 
would: reduce aggregate gross GDP by $9.4 trillion (or reduce Florida 
gross state product by $28 billion); raise electricity rates 90 
percent; raise gasoline prices by 58 percent; raise residential natural 
gas prices by 55 percent; and Increase inflation-adjusted federal debt 
by 26 percent, or $28,728 additional federal debt per person.
  For this any significant other reasons I voted against passage or 
H.R. 2454.

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