Mar 22 2013
WASHINGTON, D.C. – U.S. Senator Roy Blunt (Mo.) expressed disappointment after 46 Democrats voted to block an amendment that he introduced to protect Americans from skyrocketing energy prices and job losses. Blunt’s amendment to the FY14 budget provided a point of order against a carbon tax or a fee on carbon emissions. It was co-sponsored by U.S. Senators John Thune (S.D.), John Cornyn (Texas), Pat Roberts (Kan.), and Marco Rubio (Fla.). To read the text of the amendment, please click here.
“As we try to jumpstart our economy, the last thing families and job creators need are higher energy costs. A carbon tax would lead to significant job losses and would force every American to pay more for electricity, natural gas, and gasoline,” said Blunt.
“This burdensome tax would especially hurt states like Missouri, which is heavily reliant on coal for affordable power,” Blunt continued. “Unfortunately, Senate Democrats blocked this important amendment, which would protect the poorest families who simply cannot afford to pay more to fill up their gas tanks and heat their homes.”
Additional Background Information:
According to the 2009 BLS Consumer Expenditure Survey, nearly 40 million of American households earning less than $30,000 per year spend almost 20 percent or more of their income on energy.
A study by NERA Economic Consulting for the National Association of Manufacturers (NAM) found that states like Missouri would see their utility bills increase by 19 percent in 2013.
The study also found that in energy-intensive sectors, manufacturing output could drop by as much as 15 percent. In non-energy-intensive sectors, we could see a drop in output by as much as 7.7 percent.
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