Beneficiaries to receive 3 years of salary, health insurance, job training, and relocation package as a result of this job-killing measure

Washington, DC – With 946 pages of legislative text, it comes as no surprise that as the days pass by, interesting new provisions buried deep in the Waxman-Markey cap-and-tax bill are revealed. Today we expose section 426.

“While the authors of this bill continue to insist that cap-and-tax will be a clear economic winner, several provisions buried deep in the text confirm their true belief that it will massively stimulate the unemployment rolls,” said Thomas J. Pyle, president of the American Energy Alliance.

Pyle is referring to Title IV, Subtitle B, Part 2, Section 426, of the American Clean Energy and Security Act of 2009, which states; An eligible worker (specifically, workers who lose their jobs as a result of this measure) may receive a climate change adjustment allowance under this subsection for a period of not longer than 156 weeks…80 percent of the monthly premium of any health insurance coverage…up to a maximum payment of $1,500 in relocation allowance…and job search expenses not exceed[ing] $1,500.

“America is supposed to be a land of opportunity and prosperity – not a land where political elites work behind closed doors to ship jobs offshore,” continued Pyle. “And with only 24 percent of the American people even knowing what cap-and-trade is, I am convinced that when the public learns that the leaders of this government are indeed, purposely and knowingly outsourcing American jobs in the name of global warming, they will demand answers and hold them accountable.”

The American Energy Alliance (AEA) is a not-for-profit organization that engages in public policy advocacy and debate surrounding the function, operation, and government regulation of global energy markets. AEA, an affiliate of the Institute for Energy Research, works to educate and mobilize citizens around the idea that freely-functioning energy markets provide the most efficient and effective solutions to today’s global energy and environmental challenges.

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