EPA: Americans Can Have Lower Utility Bills, More Jobs For ¢25 A Day
By Dolores M. Bernal, NEWS JUNKIE POST
The results of a study announced on Tuesday, shows that Americans could enjoy cleaner air, save money on utility bills, and see substantial job growth for about ¢25 more in taxes a day.
The study, conducted by the Environmental Protection Agency (EPA), examined the monetary burden on taxpayers if the American Clean Energy Security Act of 2009 (ACES) was adopted.
ACES or H.R. 2454 was introduced this year by Congressman Henry Waxman (D-California). Waxman and other supporters of the bill believe that the legislation will create 1.7 million “clean-energy” jobs, reduce the US’ dependence on foreign oil, cut global warming pollution, and increase the country’s competitiveness in the green technology global market.
Democrats welcomed the timeliness of the study’s results as they prepare for debating the bill on the House floor this week.
“Today’s report puts to rest the misleading attacks that have been leveled against a clean energy economy at every step,” said House Speaker Nancy Pelosi (D-California). “This historic legislation is the product of months of consensus building to achieve an effective and affordable transition to a clean energy future.”
The EPA’s study compliments the announcement by the Congressional Budget Office on Friday that the average American household would spend only small amount of money each year to fund and reap the benefits of H.R. 2454:
The net annual economywide cost of the cap-and-trade program in 2020 would be $22 billion—or about $175 per household.”
The above figures could also translate to about $3.36 per week—about the cost of one pound of 93 percent lean ground beef,” according to the Center For American Progress.
But Republicans and industry lobbyists have vehemently opposed the bill from its very start arguing that it will lead to job losses and do nothing to clean up the environment. The Competitive Enterprise Institute, one the main lobbying organizations that opposes the bill issued a statement Tuesday saying that the debt incurred from the legislation will last for decades.
If enacted…[it] would be the biggest tax increase in the history of the world and the biggest government intervention in people’s lives since the Second World War…
The energy price increases required by H. R. 2454, the American Clean Energy and Security Act, are not a one-time event, but will go up steadily year after year until at least 2050.
Democrats will have a bit of an uphill battle trying to gain more votes for the bill’s passing. The House of Representatives remains divided with about 107 members undecided; 170 voting “yes” and 158 voting no, according to the latest E&E Daily predictions.
But Pelosi and her democratic colleagues may go into the debate a little more confident with the backing of the EPA study and the Congressional Budget Office’s findings.
“The return on our investment is great. We will create millions of clean energy jobs, cut carbon pollution that causes climate change, reduce our dependence on foreign oil, and increase our national security,” Pelosi said.