[Congressional Record (Bound Edition), Volume 155 (2009), Part 7]
[House]
[Pages 8585-8586]
[From the U.S. Government Publishing Office, www.gpo.gov]




                              CAP-AND-TAX

  (Mr. SHIMKUS asked and was given permission to address the House for 
1 minute and to revise and extend his remarks.)
  Mr. SHIMKUS. Madam Speaker, today's Los Angeles Reuters article 
states, ``U.S. electricity prices are likely to rise 15 to 30 percent 
if a national cap on carbon dioxide emissions is instituted, according 
to a report by Moody's Investors Services.''
  You've heard us talk a lot about a cap-and-tax. The burden of this 
carbon regime will be a tax on carbon use, pushing the cost on us, the 
middle class, the poor. And the debate here is we, on our side, we do 
not want to cap our economy and trade away our jobs. And that's what 
this regime will do.
  This was after the 1990 Clean Air Act Amendments. A mine in my 
district, Peabody No. 10 in Kincaid, Illinois, because of the Clean Air 
Amendments,

[[Page 8586]]

well, it was actually 1,200 miners lost their jobs.
  This is what will happen if we pursue a cap-and-tax regime that caps 
our economy and trades away our jobs. We will fight this to the end.

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