Truth #12: Attempts to save trees in the Congo while forcing Americans to pay more for energy
What the bill does: Requires carbon emission allowances to be distributed by the Environmental Protection Agency to countries, public or private groups, or international funds each year for 2012 through 2025. These allowances would be sold to support activities that reduce international deforestation. (H.R. 2454, Sec. 754, p. 830.)
What this means for Americans: Under the Democrats’ national energy tax plan, American families would face rising food and fuel costs and an estimated 2.3 to 2.7 million lost jobs, while being forced to send billions of their hard-earned dollars overseas for projects to save trees in countries such as Brazil, the Democratic Republic of the Congo or Equatorial Guinea. Why save money for struggling families in America when you can save trees around the globe?