Speaker Pelosi’s National Energy Tax Will Cost Millions of American Jobs. The National Black Chamber of Commerce estimates that even with any new “green jobs,” net job losses will total about 2.5 million jobs. And according to the Environmental Protection Agency’s own analysis, U.S. manufacturing output will steadily decline as American manufacturing jobs move to foreign countries.
Speaker Pelosi’s National Energy Tax Will Cause Electricity Rates to “Skyrocket.” President Obama even admitted that a national energy tax would cause electricity rates to “necessarily skyrocket.” And Duke Energy, a major utility company that would receive free allowances under the Democrats’ plan, has already requested a rate hike of 13.5 percent in anticipation of the energy tax.
Giving Away Emissions “Allowances” to Utility Companies Won’t Protect American Families from Increased Costs Under Speaker Pelosi’s National Energy Tax. According to the Center for Budget and Policy Priorities, giving allowances for free to utility companies “would offset half or less of the added costs that households would face under an emissions cap, because the majority of the added costs come in areas other than home utility bills.” CBPP goes on to note that “relying on utilities to deliver consumer relief would leave many low- and moderate-income consumers with an uncompensated hole in their budgets.” Moreover, because millions of American families and farmers buy their electricity from rural electric co-ops. Because co-ops receive no free allowances their customers receive no relief at all.