Congressman Mario Diaz-Balart

Representing the 25th District of FLORIDA

Diaz-Balart: Cap and Trade is all pain with little gain

Jun 29, 2009
Press Release



"I support legislation that reduces emissions and that would invest in renewable energy to help lessen our dangerous dependence on foreign sources of energy. Unfortunately, the cap and trade bill before Congress amounts to all pain, imposing a national energy tax on all Americans, with little, if any, gain for the environment or our country."

"As Energy Secretary Chu and OMB Director Orszag have both said, a cap and trade bill will raise the costs of energy and American made goods. All sides of this debate agree that it will increase taxes on consumers; the question is just a matter of how much more. As unemployment continues to rise in Florida and across the country, it is irresponsible to impose a job killing measure that harms our economy. This bill could lead to over 66,000 job losses in Florida alone," Diaz-Balart continued.

"Enacting this legislation, without binding agreements with China, India, and other major greenhouse gas emitting nations, will result in the exporting of American jobs overseas."

"While this bill does little to reduce global warming, it will reduce American jobs, American prosperity, and American competitiveness," said Diaz-Balart.

U.S. Congressmen Mario Diaz-Balart (R-FL) issued the following statement today regarding the American Clean Energy and Security Act of 2009 (H.R.2454):

For Immediate Release