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Thank you very much.
-- health care dominates the national headlines your next guest says the number one issue in his state is jobs.
There's also the matter and energy joining us now is Republican governor Jim Douglas -- -- -- is chairman the National Governors Association governor.
Welcome -- and ask you about the Yankee nuclear power plant just a moment but wanna get your quick thoughts first on health care is it going to help Vermont.
What's not gonna make as big -- difference in Vermont as other states because we're one of the so called early expander states we cover folks up to 300% of the poverty level now so.
It's not as dramatic a change as it is in states that don't cover as many people going to be big budget hits for a number of them.
We're going to do we can to to implement it number of other states obviously have a different point of view and that's fine.
But over the course the next few years.
It'll certainly be a different landscape on the health care front but no plans for the Vermont attorney general to file similar suit.
No I think they'll be enough other suits to test the constitutionality of some provisions that are at issue -- you believe that it will save vermonters money in the long run.
Only in Washington DC can you spend a trillion dollars and claim that it's saving money.
I have grave concerns about the about the cost over time I've always said that he really doesn't matter how we structure insurance we have to control the cost of health care.
And with Medicaid Medicare going up last year they point 4% with private insurance policies going up and about half that we don't in my view have enough.
Cost containment measures to really -- the men and get a handle on what's going to be.
A real -- problem for her family budgets for small businesses and frankly for the taxpayers through their state and federal governments are jobs starting to come back to Vermont.
Actually not on the net basis so we have some good news now and then and and that's great but we have about 2400 fewer jobs in the state.
From where we were a year ago.
It's interesting that historically economists tell us that.
There's several years following the end of the recession are are the most difficult because it takes a while to get those jobs back it takes a while for people -- -- income and pay taxes and replenish the state treasuries.
So were in for a couple of tough years where battling.
-- now to to balance our budget for 2011 as other states are.
I'm certainly -- it and try to make sure it doesn't involve any tax increases.
But the next couple years going to be tough and then to have a health care of planned imposed on states that are really.
Struggling is going to be an extra dimension of budget balancing.
Challenges that I'm sure won't be welcome.
But you see any way the taxes won't go up governor.
Oh I think we can avoid it at least in Vermont.
The legislature passed some tax increases last year over my objection.
Like to see them roll back to be honest.
But we spend a lot in our state compared to other places where near the top and local education spending on a per capita basis for example.
And I think we have to make some decisions you have to make some choices we have to do -- families and small businesses are doing and that's establish priorities.
Finally we can do that we have -- high tax burden here in relative terms of I want to I can to make sure it doesn't go any higher.
A few weeks ago the state senate Vermont voted to not renew the permit for the Yankee nuclear power plant they're citing some leak issues there but the concern I have governor and I'm sure some vermonters have.
Is where you got to make up the power do you think the Yankee power plant will indeed be shut down and a few years.
And given the size of it and its impact on your energy if this but down where in the world are you gonna make up the energy gap.
Well we get about a third of our power from the Yankee plant about a third from Hydro Quebec could clean renewable.
Electricity from north of the border and our utilities just signed a 26 year agreement to continue that a source of power how well into the future.
Frankly I hope that the Yankee plant will be -- license to slow the license expires in March 2012 so we've got two more years.
I regret the tritium weekly radio -- -- there's been -- problem and the in the ground they -- over the last couple months.
And perhaps more seriously I'm concerned about some misrepresentations.
By company officials to our regulators.
But we have to get beyond that and recognize that the Yankee plant has been a source of very low cost.
Emission free reliable stable electricity.
Over the last seven years Brian we've gone from having the highest electric rates in New England to the lowest because of those two sources so.
I hope we can find a way to keep it going.
Read a blog entry by gentleman who purported to be from a group called the Vermont energy partnership says he's the president of that group.
And by his -- he says that if it shut down power rates in Vermont will go up between nineteen and 39%.
Do you agree to that.
I don't know what the numbers will be but certainly they'll be higher than they are today -- tea.
About -- and a half cents a kilowatt hour for the nuclear power.
And it's ironic at a time when the rest of the nation and the world are going more toward nuclear power the presence of strong.
Supporter of a nuclear future for America's power supply and I think it's interesting that Vermont senate decided to go in the other direction.
I hope that over time we cannot solve some of the immediate issues and find a way to -- -- the plant because it's been a great source of power it's made us more competitive than.
We don't want to see that kind of increase for the taxpayers and ratepayers of our state.
Vermont governor Jim Douglas governor thank you so much for joining us here at Fox Business.
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