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INTERVIEW: Braley And Loebsack Voted For Higher Utility Bills, Income Reduced By $1070, And 13,395 IA Jobs Lost

August 25, 2009

Dear producers and reporters:
When Iowa Congressmen Bruce Braley (IA-1) and David Loebsack (IA-2) voted for the Waxman-Markey energy tax bill in June, they voted to wreak havoc on Iowa's economy. Waxman-Markey would reduce personal income in Iowa by $1,070 annually and cost the state 13,395 jobs annually starting in 2012, according to an analysis by the Heritage Foundation.

Since about 85% of Iowa's electricity is produced by burning coal, Waxman-Markey could increase monthly electric bills in Iowa by 80%. Keep in mind that:

  • This is just the increase in the direct cost of electricity to Iowa ratepayers -- i.e., what they may see in their monthly bills. Since all goods and services are produced with electricity, any increase will ripple throughout the economy, making everything more expensive. Waxman-Markey is a form of inflation. 
  • To the extent that Waxman-Markey makes consumers pay more for electricity, they will have less discretionary income to spend on other goods and services. 
  • No commensurate environmental benefit will be achieved for these increased costs -- a point that both the global warming skeptics and global warming alarmists agree. Skeptics don't think that manmade CO2 emissions discernibly impact the climate. Alarmists don't believe the Waxman-Markey CO2 cuts are steep enough to have an impact on the climate.
  • No regulatory certainty will be result from Waxman-Markey -- except that extreme environmental groups will have a great ability and framework within which to make regulation more stringent and expensive.

Waxman-Markey is an economic and environmental loser. The only winners will be the big businesses that have successfully lobbied for a piece of the Waxman-Markey pie -- a pie that will be paid for by American consumers, taxpayers and the vast majority of American businesses.  Iowa voters should let Reps. Braley and Loebsack know that if by voting for Waxman-Markey, they've placed their own jobs at risk too.

To discuss this issue and how Waxman-Markey will impact your family, finances and business, please contact us to schedule an interview with Steve Milloy, Publisher of JunkScience.com and author of Green Hell: How Environmentalists Plan to Control Your Life and What You Can Do to Stop Them.

Best,
Audrey Mullen
Advocacy Ink
Ph. 703-548-1160

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