Kyoto is an economic weapon designed to undermine the global competitiveness and economic superiority of the United States.
Every credible economic study on the treaty paints a dark picture for the American people…the Kyoto treaty would cause energy prices to soar and the standard of living in our country to plummet…and result in the elimination of 2.4 million American jobs by the year 2010 and cost the average American family over $2,700 a year.
[The treaty will cause] soaring production costs and significantly higher driving costs — through rationing schemes, energy taxes or other mechanisms with comparable effect.
The economic impact would be devastating for the United States. We would see the loss of millions of jobs, entire industries would flee to other countries, our people would face higher fuel costs, higher taxes, leading to lower productivity and a lower standard of living.
[Automakers stated that the treaty would] increase gas prices 50 cents a gallon, boost the price of electricity 20 percent and raise the cost of making cars.
