Smaller states like Montana are often the hardest ones hit by the Lieberman-Warner global warming legislation. With a population under 1 million, and a work force hovering around 500,000, Montana is expected to lose almost 2,000 jobs in 2025 if Lieberman-Warner becomes law.
The typical hurricane does $5.13 billion worth of damage in America and strikes less than twice a year. But Hurricane J.J. is no ordinary hurricane. If passed, the climate change bill proposed by Sens. Joe Lieberman (I-Conn.) and John Warner (R-Va.) would rip through the U.S. economy, leaving higher energy costs, lost jobs and falling family income in its wake. Add it up, adjust for inflation, Heritage Foundation analyst David Kreutzer says, and economic damage wrought by Lieberman-Warner would equal that of: 660 hurricanes — 35 per year — for …
TUCSON, ARIZ.—Here is what I found on visit to the border in Arizona—people die on the border because of lack of adequate security. It is easy to add up the real costs of border insecurity—they are pretty daunting. They include violence and crime that prey on communities on both sides of the border. Many of the victims include individuals trying to sneak into the United States. In some cases, the smuggling rings that move people collude with criminal gangs that rob and rape their clients. In others cases, gangs steal …
The Department of Agriculture announced today that fiscal 2008 will be a record year for agricultural exports. USDA reports: Trade agreements have a significant impact on our ability to sell America’s agricultural products in world markets. … Canada and Mexico, our two North American Free Trade Agreement (NAFTA) partners, currently buy 28 percent of the value of America’s agricultural exports – up from 20 percent purchased 15 years ago when trade began under NAFTA. … While agricultural imports in two-way trade with the United States will also increase – to …
This week the United Mine Workers of America wrote a letter to the Senate Environment and Public Works Committee detailing why they opposed the Lieberman-Warner cap and trade bill. From their letter: We met with Committee staff during the development of S. 2191, expressing our deep concerns about the Bill’s overly aggressive targets and timetables for near-term reductions, particularly the magnitude of reductions required by 2020. It is not feasible to deploy CCS [carbon capture and sequestration] on a large scale basis by that time. With the economy-wide emission trading …
TUCSON, AZ: Folks in Washington think that they not only have all the answers, they think they don’t have to leave town to get them. They’re wrong. “Washington does not have all the answers.” There is no issue that that truism is truer for than understanding the challenge of securing the nation’s broken borders. And, there is no place to understand border problems better than Nogales, Arizona. This week that is where I went. For over a thousand years Nogales has been at the crossroads of people moving north and …
The New York Sun pokes fun at the Treasury Department, which this week released two reports assessing the impact of the 2003 tax cuts: We confess we stumbled a few times in making our way through the language, which seems at times to buy into left-wing assumptions. “Capital gains income, which is not captured in GDP, more than quadrupled between 1994 and 2000,” says one of the papers. “Tax receipts from capital gains realizations more than tripled during this period, even though the tax rate on capital gains was reduced …
Last week the Natural Resources Defense Council put out a report claiming “Doing Nothing on Global Warming Comes With Huge Price Tag.” Covering the report’s release, the Austin American-Statesman wrote: “If the United States doesn’t do something soon to dramatically reduce greenhouse gas emissions, it could cost the country $3.8 trillion annually from higher energy and water costs, real estate losses from hurricanes, rising sea levels and other problems, an environmental group predicted Thursday.” The NRDC’s report is a case study in how environmental groups distort science to deceive the …
Opining in today’s Washington Post, former Prime Minister Tony Blair writes: Unless the United States radically reduces its greenhouse gas emissions, along with other major emitters, the damage to the climate will be irreversible. … Over the past few years, the debate on climate change has shifted profoundly. … Clearly, many countries and companies are realizing that, far from being a detriment to their economies, acting early to cut emissions can increase productivity and give them a competitive edge. Mr. Blair may want to devote less time to convincing Americans …
Continuing our blanket coverage of the Lieberman-Warner cap and trade debate set for the Senate next week, we will be posting some of the state-by-state results from Heritage’s Center for Data Analysis forecast on the economic impacts. First up: Pennsylvania, which is set to lose 22,021 jobs in 2025 even under the most generous assumptions.
