This rule is just a payday for President Obama’s friends and political allies.
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U.S. Sen. David Vitter (R-La.) says that President Obama’s new regulations on carbon emissions from existing power plants as part of his Climate Action Plan will be a big blow to Americans’ pocketbooks.
Sen. Vitter says today’s announced regulations will bypass Congress – and the American people – to institute and force taxpayers to fund cap-and-trade:
“This rule is all pain, no gain. American families and businesses will have to shoulder all the costs and burden from this rule without contributing to any significant reduction in global carbon emissions.