Lucas Reacts to CBO Report on Cap & Trade Bill

Jun 22, 2009

Tamara Hinton (202) 225-0184

WASHINGTON – Today, Ranking Member Frank Lucas issued the following statement on the release of a Congressional Budget Office (CBO) analysis of the estimated costs to households from cap-and-trade provisions in the Waxman-Markey bill (H.R. 2454).

"The CBO studied one year of one part of one title of a four title bill that is written to last forever. This study is a snapshot that does not examine the full impact this entire bill will have on American families, farmers, and small businesses. This study just points out how much we still need to learn about the consequences of passing this legislation,” said Ranking Member Frank Lucas.