WASHINGTON, D.C. – Congressman Jerry Moran issued the following statement today after Senate Majority Leader Harry Reid announced plans to bring cap and trade legislation to the Senate floor before the end of July. The legislation is reported to contain provisions that would limit carbon emissions from power plants.
“Cap and trade will have a devastating impact on our economy by raising the cost of energy for Kansas families, businesses and farmers,” Moran said. “Majority Leader Reid claims his legislation will only impact the utility sector, but Kansas families will bear the cost of any regulations imposed by Congress. Instead of burdening families, businesses and farmers with a carbon tax, Kansans want Congress to cut spending and focus on job creation. Cap and trade is the most damaging piece of legislation for job creation to pass the House during my time in Congress.”
In June 2009, Moran voted against H.R. 2454, the Waxman-Markey cap and trade legislation. At the time the legislation passed the House of Representatives, reports estimated that it would cost each American household more than $2,000 per year. Other analyses found that the cost of production for certain Kansas farmers could increase by more than 67 percent