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McConnell: Obama's "War On Coal" Is A "War On Jobs"

Senator Mitch McConnell spoke on the Senate floor regarding the need for the President to focus on common-sense policies to make energy cleaner and more affordable, not a national energy tax and a 'war on coal' that would hinder economic growth.

MITCH MCCONNELL: “Declaring a ‘War on Coal’ is tantamount to declaring a war on jobs. It’s tantamount to kicking the ladder out from beneath the feet of many Americans struggling in today’s economy. And I will be raising this issue with the President at the White House today.

“One of the sectors the President’s war on jobs would hit is manufacturing. Ironic, perhaps, because just a few months ago it was President Obama himself who said: ‘I believe in manufacturing, I think it makes our country stronger.’

“Well he’s right. Manufacturing does make our country stronger. Just look at Kentucky. We’re the first in the nation in aluminum smelting. We’re third in the production of auto parts. And Kentuckians know these types of industries strengthen not just the Bluegrass State, but our entire nation – they provide well-paying jobs, economic growth, and tickets to prosperity for workers and their families.

“And yet, in the global economy of the 21st Century, retaining – much less expanding – our manufacturing core has never been more challenging. We face relentless competition from all corners of the globe. So policymakers have to be careful about the types of policies they enact. Obviously, American success in a hyper-competitive world is strengthened when we keep taxes low and regulations smart.

“And, perhaps most importantly, it’s strengthened when we ensure energy is abundant and affordable. These are energy-intensive industries, after all. If the White House moves forward with this war on jobs and raises the cost of energy, that would almost assuredly raise the cost of doing business – and that would likely put jobs, growth, and the future of American manufacturing at risk.

“That’s one of the many reasons why Americans rejected the President’s attempt to impose a national energy tax in his first term. Even with overwhelming majorities in Congress – including a filibuster-proof 60-vote majority in the Senate – Washington Democrats were unable to pass the President’s energy tax. Here in the Senate, the Democrat majority wouldn’t even bring it up for a vote.

“Think about that: they could have pushed it through on their own, without a single Republican vote. And yet they couldn’t.

“Why? Well, for one, the constituents we serve are a lot smarter than some here in Washington might like to believe. They know you can’t impose a national energy tax without cutting jobs and significantly raising energy costs – not just on their families, but also on their employers. And the data seem to bear out such concerns. I remember some projections showing that, by 2030, the Waxman-Markey proposal could have decreased the size of our economy by about $350 billion and reduced net employment by 2.5 million jobs – even after taking ‘job creation’ into account."

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