Washington, D.C. – Senator James Inhofe (R-Okla.), Ranking Member of the Senate Committee on Environment and Public Works, today announced at an EPW hearing his intentions to put a stop to President Obama’s new electricity tax that would have a devastating impact on American consumers at a time when gas prices are skyrocketing.
The announcement follows news reports that the Obama-EPA will roll out its global warming regulations for new power plants today. These regulations are the fundamental part of President Obama’s war on affordable energy, and as Politico noted, they “promise to change the way the U.S. gets its power.”
“It is hard to believe that the Obama-EPA is announcing a massive energy tax today on American families at a time when they are already reeling from skyrocketing gas prices,” Senator Inhofe said. “So much for President Obama’s claims to be for an ‘all-of-the-above’ approach – these regulations are designed specifically to kill coal in American electricity generation, which will significantly raise energy prices on American families. This plan is the most devastating installment in the Obama administration’s war on affordable energy: it achieves their cap-and-trade agenda through regulation instead of legislation. Today, Americans can be certain that the President is going forward to fulfill his campaign promise that under his plan of a cap-and-trade system electricity prices would ‘necessarily skyrocket.’