What’s In The Energy Bill?
Everything you need to know about the Kerry-Lieberman Energy Bill is supplied by Americans for Tax Reform. Here it is:
o 522,000 Increase in unemployment in 20151
o 5,000,000 Jobs lost by 2050
o $1,042 Cost to households annually
o $125 billion Over economic loss each year
o 75 percent Seniors that would forfeit 2.3 percent of their income
o 5.8 percent Income forfeited for those making less than $10,000/yr
o 0.9 percent Amount of cash income those making $150,000/yr would be taxed
o $1,174/yr Increase in household bills for Northeast residents
o $987/yr Annual increase households in the South would face
o 14 percent Increase in petroleum prices to consumers
o 12 percent Electricity and utility increase families will bare
o $39 billion Reduction in GDP by 2015
o $384 billion 2050 total loss in GDP
o 119,000 Job losses to the petroleum industry
o 81,400 Natural gas and electric utility job losses
o 49,7000 Chemical product industry job losses
Grover Norquist, President of Americans for Tax Reform had one thing to say, “Are the Democrats and Obama serious about this being their national energy strategy?” Good question!
Tags:Climate Change,Energy Bill,Global Warming
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