“The EPA economic analysis released today is consistent with multiple studies that expose that the Lieberman-Warner for what it is: a job killer,” Senator Inhofe said. “If Democrats have their way, Americans will pay significantly more at the pump, in their homes, and in many cases, with their jobs. No matter how anyone attempts to spin the economic impacts, this bill is wrong for America. Even using optimistic assumptions of increased nuclear plant generation and deployment of carbon capture and storage, Lieberman-Warner would still cost up to $983 billion in 2030 with a 44% increase in electricity prices.
“Further, Democrats made clear this week their refusal to do anything to help alleviate the economic pain of this bill. With liberal special interest groups at her side, Senator Boxer announced that Democrats would not allow any amendments during the bill’s floor debate to lessen the devastating economic impacts.As a result, this bill now appears to be headed for a cameo appearance on the Senate floor before being tabled for a future Congress.”