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Article: Nucor Praises Congressman Michael Arcuri (D-NY) for His 'No' Vote on House Cap and Trade Bill.
- Article from:
- PR Newswire
- Article date:
- July 1, 2009
CopyrightCOPYRIGHT 2009 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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CHARLOTTE, N.C., July 1 /PRNewswire-FirstCall/ -- Nucor Corporation today thanked United States Representative Michael Arcuri (D-NY) for standing up for the manufacturing families of New York in opposing the cap and trade bill that narrowly passed the House of Representatives by a three vote margin.
If enacted, the bill will have far-reaching ramifications for manufacturers and other industries in the United States, the costs of which range into the hundreds of billions of dollars.
The House Cap and Trade Bill (H.R. 2454) will increase energy rates for both commercial and industrial users, as well as apply new taxes to industries that have long abided ...