Texas and 'Cap and Trade'

Sen. Cornyn:

“President Obama this week sought to sell his cap-and-trade proposal to Texans by calling it a win-win-win-win-win proposition. As the number one energy producing state in the nation, Texans know firsthand that this is patently false, and his harmful cap-and-trade tax proposal would impose the largest tax increase in American history and result in major losses for Texans across the state. Texans will lose jobs, our economy will lose revenue, and families will pay for higher energy bills. The best way to achieve economic, environmental, and energy security is by encouraging more nuclear energy generation and domestic energy production. Yet, the President’s cap-and-trade proposal would do the opposite by shackling domestic energy production with more red tape and restrictions. I call on all Texans to join me in opposing cap-and-trade and similar misguided policies that conceal the true cost to taxpayers and only further our dangerous dependence on foreign energy.”

That about covers what this act will mean to Texas. But the damage it does to Texas will be amplified through out the country as we will be able to produce less energy at higher cost to everyone. It will produce all this destruction to lower temperatures less than a degree 50 to a 100 years from now.