June 6, 2008 Senator Inhofe
“Already facing skyrocketing prices at the gas pump, in our homes, and at the grocery store, Oklahomans are rightfully asking why the U.S. Senate spent the past week debating legislation that would push costs even higher,” Senator Inhofe said. “Unfortunately, many Washington, D.C. politicians believe that the best way to approach any issue is to raise taxes, regulate more, and increase the size of the federal bureaucracy.
This legislation would have been the largest tax increase in history, the largest expansion of government in over 70 years and the largest pork bill. Yet, as the Environmental Protection Agency analysis shows, the so-called “solution” would result in substantial economic harm for no climate gain.