Roe Statement on Cap-and-Tax Legislation
WASHINGTON, DC – U.S. Congressman Phil Roe, M.D. (TN-1) gave the following statement on the House floor regarding the cap-and-tax legislation:
"Mister/Madame Speaker, this week, House Democrats on the Energy and Commerce Committee are marking up a more aggressive cap-and-tax bill than what even the President has proposed. On the campaign trail last year, the President said his plan would cause electricity rates to skyrocket, and the bill being considered this week will cause electric utilities even MORE disruption than what the President proposed.
"Individuals and businesses everywhere need to start paying to the threat this bill poses. The nonpartisan Congressional Budget Office estimated such a plan would increase the average household’s electric bill $1,600 per year.
"Since the bill requires no concessions from developing countries, businesses like Eastman in Kingsport, Tennessee who are engaged in tooth-and-nail competition with China can’t pass increased energy costs on to consumers and maintain their market share, which means that employees will lose their jobs if this bill passes.
"I urge those on the other side of the aisle to not sacrifice two good-paying American manufacturing jobs to create every one 'Green' job."