One of the most consistent points of resistance to efforts to bring America’s polluting contributions to climate change under control has been the claim that if we take any serious action to reduce greenhouse gas emissions, it will end up costing individual Americans a lot of money. Now, that claim has been formally debunked.
The Congressional Budget Office, a nonpartisan office, was asked by Republican U.S. Representative David Camp to conduct an analysis of “the potential effects on households of the cap-and-trade program that would be implemented pursuant to H.R. 2454, the American Clean Energy and Security Act of 2009”. Representative Camp was probably betting that the analysis would show an extraordinary cost. Camp lost his bet.
What the CBO analysis actually shows is that, on average, Americans will only have a tiny increase in their household expenses if the bill is passed: 175 dollars every year. Furthermore, most of that cost will be borne by people who have lots of money, because they’re the ones who use the most energy. Low income Americans would actually see a decrease in their household expenses because of the American Clean Energy and Security Act of 2009.
The report doesn’t even take into account savings that will take place due to avoided expenses related to accelerated global climate change. Read it for yourself.
Don’t get me wrong – I’m not a great fan of this legislation. That’s for opposite reasons than the insubstantial whines of the Republicans. This bill gives huge amounts of money to dirty old fossil fuel companies. It’s not the clean, green energy bill we were promised last year. That’s what makes the Republican whining so ridiculous. The bill gives the Republican old energy crowd so much of what they want, they should be celebrating, rather than complaining.