Thursday, January 29, 2009

Costly Schemes will Cause Economic Pain

Statement from former Governor George Allen

Mount Vernon, Va. – Former Governor and U.S. Senator George Allen issued the following statement today, warning Americans to be wary of Al Gore’s call to put “a price on carbon” and be mindful of what happens at the upcoming U.N. Climate Change Conference in Copenhagen, Denmark in December.

“Former Vice President Al Gore’s plaintive call to place ‘a price on carbon’ is just another tax increase, as is the ‘Cap and Trade’ scheme. Imposing Al Gore’s carbon ‘Cap and Trade’ tax on Americans would be unilateral economic disarmament and will profoundly harm American jobs and competitiveness. There’s never a good time to further burden Americans. But now is an especially terrible time to impose greater tax burdens and higher costs for electricity, fuel and food on American families and businesses that are already suffering. This would be like throwing an anchor to a man who is struggling to tread water.

“Please watch this upcoming Copenhagen conference. Even the Europeans are seeing the fallacy and harm of their carbon Cap and Trade system. America cannot have our sovereignty, opportunity and jobs sacrificed on the altar of blissful, arrogant and manipulative schemes from political elites and social engineers. We do not need any more financial rackets and convoluted, costly regimes, infecting our free enterprise system. American ingenuity to develop new technologies that are commercially viable and deployable to improve air quality is always expedited with lower taxes that enhance financial investments. Beware of any international agreement established at Copenhagen to cap or tax greenhouse gas emissions; it will result in more economic pain and very little environmental gain.”