Issues
Energy (Cap and Trade)
“We’ve said all along that clean energy is about four things: jobs, jobs, jobs, jobs.”
What Pelosi’s Cap and Trade bill will do to Pennsylvania
- 71,000-97,000 Pennsylvania job losses;
- By 2030:
- Gasoline prices increase by 19-25%;
- Electricity prices increase by 41%;
- Natural gas prices increase by 68%;
- Lower-income and fixed-income elderly will be hit hardest as a disproportionate amount of their income is spent on energy costs.
What Pelosi’s Cap and Trade bill will do to America :
- Destroy 844,000 on average, with peak years seeing unemployment rise by over 1,900,000 jobs,
- Raise electricity rates 90 percent after adjusting for inflation,
- Raise inflation-adjusted gasoline prices by 74 percent,
- Raise residential natural gas prices by 55 percent,
- Raise an average family’s annual energy bill by $1,500, and
- Increase inflation-adjusted federal debt by 29 percent, or $33,400 additional federal debt per person, again after adjusting for inflation.