Will Nick Rahall Support Obama’s Job Destroying Cap-and-Trade Scheme

May 28, 2014

Nick Rahall Will Have to Choose Between Saving Jobs or Backing his Friends in D.C.

WASHINGTON – Is Nick Rahall going to listen to West Virginia voters and save American jobs, or will he fall in line with his Democrat allies and support President Obama’s latest cap-and-trade scheme that could cost the U.S. economy $50 billion a year and eliminate an estimated 224,000 jobs?

A recent study, issued by the United States Chamber of Commerce, found that President Obama’s new cap-and-trade edict will force more than a “third of the coal-fired power capacity to close by 2030.”

“Not only will this new Obama regulation cost billions of dollars for taxpayers, but it will limit American energy production and spike electricity prices – hurting families across America,” said NRCC Communications Director Andrea Bozek. “West Virginia families deserve a Republican leader in Congress that will stand up to President Obama and his Administration’s job-destroying regulations.”

FYI, a similar version of this release below went out to the following districts: Ann Kirkpatrick (AZ-01), Ron Barber (AZ-02), Kyrsten Sinema (AZ-09), Ami Bera (CA-07), Michael Eggman (CA-10), Amanda Renteria (CA-21), Lois Capps (CA-24), Julia Brownley (CA-26), Raul Ruiz (CA-36), Scott Peters (CA-52), Elizabeth Esty (CT-05), Gwen Graham (FL-02), Patrick Murphy (FL-18), Joe Garcia (FL-26), Staci Appel (IA-03), Brad Schneider (IL-10), Bill Foster (IL-11), Bill Enyart (IL-12), Ann Callis (IL-13), Cheri Bustos (IL-17), Dave Loebsack (IA-02), John Tierney (MA-06), Jerry Cannon (MI-01), Pam Byrnes (MI-07), Tim Walz (MN-01), Collin Peterson (MN-07), John Lewis (MT-AL), Carol Shea-Porter (NH-01), Annie Kuster (NH-02), Aimiee Belgard (NJ-03), Erin Bilbray (NV-03), Steven Horsford (NV-04), Tim Bishop (NY-01), Kathleen Rice (NY-04), Sean Patrick Maloney (NY-18), Sean Eldridge (NY-19), Martha Robertson (NY-23), Dan Maffei (NY-24), Manan Trivedi (PA-06), Kevin Strouse (PA-08), Pete Gallego (TX-23), John Foust (VA-10), and Suzan DelBene (WA-01).

Will Nick Rahall Support Obama’s Job Destroying Cap-and-Trade Scheme.

(Michael Bastasch, EPA To Unilaterally Push Cap And Trade On Carbon Emissions, The Daily Caller, 5/27/14)

President Obama’s climate rule change will force more than a “third of the coal-fired power capacity to close by 2030.”

(Mark Drajem, Chamber Study Predicts Obama Climate Rule Will Kill Jobs, Bloomberg, 5/28/14)

Cost nearly $50 billion and eliminate an estimated 224,000 jobs

(Energy Institute Report Finds That Potential New EPA Carbon Regulations Will Damage U.S. Economy, U.S. Chamber of Commerce, 5/28/14)

It will limit American energy production and spike electricity prices.

(Ralph Vartabedian, U.S. electricity prices may be going up for good, LA Times, 4/25/14)

  • ELECTRICITY: “U.S. electricity prices may be going up for good.   There is a growing fragility in the U.S. electricity system, experts warn, the result of the shutdown of coal-fired plants, reductions in nuclear power, a shift to more expensive renewable energy and natural gas pipeline constraints.  … ‘We are now in an era of rising electricity prices,’ said Philip Moeller, a member of the Federal Energy Regulatory Commission…” (Los Angeles Times)
  • HEALTH CARE: “More employees are getting hit with higher health insurance premiums and co-payments, and many don’t have the money to cover unexpected medical expenses, a new report finds.   More than half of companies (56%) increased employees’ share of health care premiums or co-payments for doctors’ visits in 2013, and 59% of employers say they intend to do the same in 2014, according to the annual Aflac WorkForces Report.” (USA TODAY)
  • FOOD: “Rising food prices bite into household budgets.  Prices are rising for a range of food staples, from meat and pork to fruits and vegetables, squeezing consumers still struggling with modest wage gains.” (USA TODAY)
  • FLYING, THE MOVIES, OIL CHANGES, AND MORE: “David Rosenberg, chief economist and strategist at Gluskin Sheff, said other areas beyond food and energy … are getting costlier as well.  ‘Airline fares are on the rise,’ he said in his morning note Tuesday.   ‘Movie tickets and other such recreational services are on the rise.  Repair service fees are on the rise.  Shelter costs in general are on the rise.  Tuition costs are on the rise.  Medical service prices are on the rise.’” (NBC News)