The American Farm Bureau Federation has urged House members to vote against H.R. 2454, the Waxman-Markey cap-and-control, command-and-trade bill.
An AFBF economic analysis shows that at a minimum, net farm income will decline by $5 billion annually by the year 2020, if H.R. 2454 is passed.
“The $5 billion impact is under the most optimistic set of assumptions,” [AFBF President Bob] Stallman said. “Those estimates do not begin to tell the story of what will happen when the program mandated by this legislation fully takes hold.”
AFBF is concerned because the bill would result in a net economic cost to farmers with little or no environmental benefit. In addition, it creates an “energy deficit” for the United States by curtailing the use of fossil fuels without supplying any realistic alternative to make up the lost energy. Also, it does nothing to require other countries, such as China and India, to undertake similar programs.
From Investor’s Business Daily, “Pelosi And Obama May Lack Support For Cap And Trade“:
Despite heavy lobbying, Rep. Earl Pomeroy, D-N.D., said Thursday he would buck his leadership.
“Pomeroy has several concerns with the effect the Waxman-Markey bill, as currently drafted, would have on North Dakota, and plans to vote no,” spokeswoman Sandra Salstrom told IBD.
Cap-and-trade fans hoped to win over Rep. Artur Davis, D-Ala. He dashed those hopes Thursday.
“While there have been serious and genuine efforts that have made this bill better, the fact remains that in Alabama, the bill will almost certainly cost us jobs and raise our utility rates,” Davis said in a statement.
Actually, Davis’ district is both rural and urban, and Pomeroy is the at-large House member from North Dakota. But both recognize the impact of a cap-and-trade regime on agricultural production, and certainly in Pomeroy’s case, his state’s energy sector.
Davis is also running for governor of Alabama, so he surely assesses a vote for Waxman-Markey as a political killer.
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