Hall Fights Administration’s “CAP And Trade” Proposal on Power Plants
Press Release: In response to the Administration’s announcement regarding the Environmental Protection Agency’s (EPA) new rule to regulate carbon dioxide emissions from existing power plants, Rep. Ralph Hall (TX-04) made the following statement:
The President’s new EPA rule is a backdoor attempt to impose his ‘cap and trade’ law that failed to pass Congress four years ago – through a Democrat-controlled Senate, no less. The decision to circumvent Congress and the will of the American people continues a pattern with this President, and it could not come at a worse time. Just last week, the Bureau of Economic Analysis found America’s economy shrunk by 1%. According to the U.S. Chamber of Commerce’s Institute for 21st Century Energy, the EPA’s new rule will:
- Weaken America’s economy by an average of $51 billion every year through 2030;
- Kill an average of 224,000 U.S. jobs every year through 2030;
- Raise energy prices on American families and businesses by $289 billion through 2030; and
- Lower total disposable income for families by $586 billion through 2030.
I will do everything I can to fight President Obama’s attempt to ‘cap and trade’ clean, reliable coal. That is why I am an original co-sponsor of H.R. 3826, the Electricity Security and Affordability Actthat passed the House in March, as well as a cosponsor of HR621, the Ensuring Affordable Energy Act. I also look forward to providing oversight in June 16th’s Energy and Commerce Subcommittee hearing addressing this issue.
I stand with my constituents in opposition to the President’s War on Coal and his attempts to eliminate it as an energy resource. Clean and affordable energy, a healthy economy, and job creation are what Americans need and want. To achieve these goals for American families, true comprehensive energy solutions are needed.