A new study by the National Association of Manufacturers shows Ohio stands to lose more than 108,000 jobs if the national energy tax (“cap and trade”) is implemented. Read the study here, which explains how the so-called Waxman/Markey (W/M) legislation will impact Ohio:
| “Ohio’s major economic sectors will be affected by emission caps (Figure 5).4 The current two largest sectors, chemical manufacturing and transportation manufacturing, show decreases in output of 6.1% to 6.7% and 8.0% to 8.5%, respectively in 2030. All manufacturing sectors will suffer output losses of between 5.4% and 6.0% by 2030, while output from energy intensive sectors falls between 10.7% and 11.7%. Ohio’s coal production would fall between 70.5% and 76.8% and electricity production would fall by 15.1% to 18.6% by 2030 (Figure 6). These continued losses will have a lasting effect on the economic base of Ohio. …
“The increases in Ohio’s energy costs under W/M will impact expenditures throughout the state. Specifically, Ohio’s 5,204 schools and universities and 241 hospitals will likely experience a 28.2% to 42.0% increase in energy expenditures by 2030. For government entities, costs for services, including public transportation and vehicle fleets, such as school buses, will also rise under W/M.” |
This analysis confirms a report released last week by the Energy Information Administration confirming that the national energy tax (“cap and trade”) “will mean fewer jobs by 2030 than if Congress did not act at all.” And it echoes previous studies by the Heritage Foundation and the National Black Chamber of Commerce, both of which found that the national energy tax could destroy as many as 2.5 million American jobs.
Congressman Boehner supports the American Energy Act, an “all of the above” energy plan. Boehner’s bill will lower energy costs, promote a health environment, and create new jobs right here in Ohio by lifting barriers to energy production, and investing in alternative fuels like next generation coal technology and emissions-free nuclear power. Read more about it here.
READ MORE:
- Government Study Confirms: National Energy Tax is a Jobs-Killer (8/4/09)
- Boehner: National Energy Tax Will “Kill Jobs, Raise Utility Prices” (7/22/09)
- What’s Missing from the “Cap and Trade” Bill? (7/2/09)
- FOX Highlights Boehner’s National Energy Tax Protest (6/30/09)
- Boehner: Energy Tax Will Increase Cost of Electricity, Gasoline (6/25/09)
