-Lieutenant Governor says Waxman-Markey national energy tax plan will kill jobs and increase taxes on all Virginians-
RICHMOND – In response to a letter from American Solutions on the Waxman-Markey national energy tax plan, Lieutenant Governor Bill Bolling today joined his running mate Bob McDonnell in opposition to the massive new energy taxes on Virginia families and businesses. Bolling also challenged his opponent, former Democratic Party of Virginia Vice-Chair Jody Wagner, to join him in publically opposing the Waxman-Markey national energy tax plan.
“Bob McDonnell and I have offered a comprehensive More Energy, More Jobs plan to position Virginia as the East Coast’s energy leader and create thousands of new jobs for Virginians,” said Bolling. “Our approach embraces the exploration and development of traditional sources of energy, such as oil, natural gas, clean coal and nuclear power; as well as alternative sources of energy, such as wind, solar and biodiesel.”
“Unfortunately, the Waxman-Markey cap and trade energy tax plan will result in higher taxes, higher unemployment and less prosperity for Virginians; while having minimal impact on our environment. Cap and trade is a bad policy that is based on political considerations, not sound science,” added Bolling.
According to a Heritage Foundation study, implementing the Waxman-Markey national energy tax plan would destroy 1,105,000 American jobs per year on average, with peak years seeing unemployment rise by over 2,479,000 jobs. The study also found that inflation-adjusted gasoline prices would skyrocket by 74 percent.
“This campaign will be about finding realistic and workable solutions to the challenges facing Virginia. While Bob McDonnell and I have said ‘Yes’ to More Energy, More Jobs for Virginians, Ms. Wagner has said ‘No’ the development of Virginia’s abundant energy resources and she has been silent on higher energy taxes on Virginia families and businesses,” said Bolling. “By opposing the development of clean coal and offshore oil and natural gas, she is rejecting common sense, job-creating solutions to our energy crisis. I hope she will join me in recognizing this bad policy and join me in opposing these job-killing energy taxes on Virginia families and businesses.”