On the recordJune 13, 2019
My amendment would strike the section that allows payments to go towards the Paris climate agreement. Most importantly, it would allow President Trump to follow through on his plan to withdraw from the agreement. Just a few months ago, it was reported that the U.S. economy exceeded analysts' predictions and grew at over 3 percent in the first quarter of this year. In October of last year, unemployment had a mere 50-year low, and wages are going up. In fact, the Bureau of Labor Statistics reported there are 7.4 million jobs available. Mr. Chair, now those on the other side of the aisle want to put at risk that growth and enforce policies that will do nothing to stop climate change. {time} 1500 What would staying in the agreement lead to? The Heritage Foundation has modeled the policies that would be required to meet the Obama administration's Paris commitments and found that by 2035 there would be an overall loss of nearly 400,000 jobs, half of which would be in manufacturing, an average total income lost of more than $20,000 for a family of four, an aggregate GDP loss of over $2.5 trillion, and an increase in household electricity expenditures between 13 percent and 20 percent. My amendment would allow the United States to stay out of this unrealistic and overbearing agreement. I urge the Members to vote ``yes'' on this amendment.
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