GOP Continues Campaign Against Obama Budget
House Minority Leader John Boehner released a video this morning detailing the outline for Republicans' alternative budget, as the party continues to campaign against President Obama's.
One aspect of Obama's budget that Republicans have targeted is the cap-and-trade proposal, which would require companies to buy credits for the amount of pollution they release into the air. The aim is to lower carbon emissions while also raising $646 billion by the end of the next decade.
A Wall Street Journal article, which Boehner's office distributed in a press release, reports that the revenue garnered from the plan could be up to three times as high as that figure.
Republicans call it an "energy tax hike" and emphasize the fact that it would increase utility prices for Americans, though the White House included a tax credit to make up the difference.
"The President says there isn't anyone that makes under $250,000 that's going to pay one dime of new taxes," Boehner said in a radio interview this morning. "It's just not true. They've got this energy tax in there that they call cap-and-trade. I call it cap-and-tax. If you drive a car, you're going to pay it. If you buy goods that are produced in the United States, you're going to pay it. And if you have the audacity to flip on a light switch, you're going to pay it."
During an off-camera briefing with reporters this morning, Rep. Peter Roskam (R-Ill.) called the cap-and-trade proposal an "old fashioned hustle."
"I found it breathtaking actually...at a time when people are really struggling, that this administration was contemplating an initiative that without question is going to raise energy costs," Roskam said. "And I would suggest to you that that's just an old fashioned hustle. The guarantee of higher energy costs with the elusive promise of something in the future."



