Lucas Speaks Out on H.R. 2454

In a written editorial, House Ranking Member Frank Lucas has addressed the Waxman-Markey bill (H.R. 2454), or the Cap & Trade Bill. In his document Lucas emphasized the devastating economic impact this legislation will have on production agriculture and rural economies. From higher energy costs to lost jobs to higher food prices, cap-and-trade, Lucas said, - promises to cap our incomes, our livelihoods, and our standard of living, while it trades away American jobs and opportunities.

Lucas stressed how important it is for Congress to allow the legislative process to work by holding hearings and having a markup. Lucas said the Waxman-Markey bill will have a - monumental impact - on our economy. He added, - we must take time to fully understand this impact because it will be far-reaching and felt for generations to come.

Although agriculture will be significantly impacted by this legislation, Lucas pointed out this bill - largely ignores our farmers and ranchers. Its more than 11-hundred pages long do not specifically recognize the role agriculture can play in providing carbon offsets, and, Lucas adds, it does not provide a meaningful way for farmers to participate in carbon credit programs.

It's been announced the House Ag Committee will hold a public hearing on the measure this week. It's scheduled for Thursday at one o'clock Central time.