"President Trump's decision to withdraw from the Paris Agreement is good news for our country’s economy, workers, and taxpayers. By 2035, the regulations related to the agreement would reduce our GDP by $2.5 trillion, cause a shortfall of nearly 400,000 American jobs, increase household electricity costs by 13 - 20%, and reduce incomes by more than $20,000 for the average American family of four.
We need common sense regulations that keep our environment clean, but we can do that while keeping energy costs affordable and allowing our economy to create good paying jobs. And instead of sending billions in taxpayer dollars overseas we should invest that money here to develop an "all of the above" American energy policy that includes renewables like biofuels and wind."
Rod Blum is the Republican Congressman from Iowa’s 1st District.
He is a member of the Oversight and Small Business Committees and chair of the Subcommittee on
Agriculture, Energy, and Trade.