Chairman Frank Lucas today released the following statement on Scott O'Malia's last day as Commissioner of the Commodity Futures Trading Commission (CFTC). Last month, O’Malia announced he would resign to pursue other opportunities.
The Ag Minute: Obama Continues to Push for Job Killing Cap and Tax Plan
Tamara Hinton (202) 225-0184
WASHINGTON – This week during The Ag Minute, Ranking Member Frank Lucas discusses how President Obama continues to push for a job killing cap and tax bill that would result in lost jobs, higher energy costs and higher food prices. Just today President Obama met with nearly two dozen senators at the White House to try to push his disastrous energy plan.
Click here to listen to The Ag Minute. The transcript is below.
"According to recent polls, more than sixty percent of the American public thinks our country is moving in the wrong direction.
"And, the President’s job approval rating continues to drop.
"Despite this, President Obama continues to push for policies, such as cap and tax that are not only unpopular, but would be devastating to an already suffering economy.
"An effort to pass a cap and tax bill has stalled in the Senate, but that hasn’t prevented President Obama from bullying legislators on this issue. On Tuesday he met with various Senators to push for it saying afterwards he was confident it would pass this year.
"President Obama is even exploiting the widening oil spill crisis in the Gulf as a way to advance this job-killing energy plan.
"It’s been one year since the House passed the Waxman-Markey cap and tax bill. I voted against it because the agriculture industry would not survive under the heavy burdens of a cap and tax plan where higher production costs would be a certainty.
"The American people understand that our country needs real leadership on the most important issues of the day. We need to focus on exploring all economic and energy options that encourage innovation and economic growth, rather than continuing on the misguided course this administration is following."
The Ag Minute is Ranking Member Lucas's weekly radio address that is released each Tuesday from the House Agriculture Committee Republicans.