Demcorats plan to punish Texas success

Texas Public Policy Foundation:

Approval of HR 2454, the “American Clean Energy and Security Act” scheduled for debate today in the U.S. House of Representatives, would be a major step toward dismantling America’s economic engine, according to the Texas Public Policy Foundation.

“Texas is the nation’s leading energy producer and the economic engine of the country,” said Kathleen Hartnett White, director of the Foundation’s Armstrong Center for Energy & the Environment. “The Obama Administration and the U.S. Congress should be grateful that Texas is trying to lead our nation out of the recession, but instead they appear to have singled Texans out for disproportionate punishment.”

Texas’ economy would take a substantial hit if this legislation takes effect in 2012. Recent data from the Congressional Budget Office indicates that Texans would see their electric bills increase by $1.1 billion that year. Data from the Energy Information Administration and the Environmental Protection Agency shows that Texas would have to buy more than $1.5 billion in international offsets that year to cover its share of required U.S. emissions reductions. Comptroller Susan Combs has estimated that Texas could lose 135,000 to 277,000 jobs in 2012, with potential job losses increasing to 400,000 by the year 2030.

“Cap-and-trade will increase Texans’ electric bills more than any state in the nation,” White said. “It will also transfer more Texas wealth to other countries than any other state. These higher costs will close the doors of many trade-exposed Texas manufacturers, outsourcing hundreds of thousands of Texas jobs.”

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This bill is government market manipulation to help the inefficient by punishing the efficient. In almost every other context in the US this kind of market manipulation is made illegal by the government, but in this case the government is the manipulator.

Since Democrats are the ones pushing this "obamanation" they should be held accountable by Texas voters. At a minimum they should be held to account for voting for the Democrat leadership that is pushing a bill to punish Texas.