Bill S.2191 Facts - What you don't know could kill U.S. (Econ)
- ..electricity prices increasing by 8 percent and, importantly, carbon emissions increasing 3 percent.
- ..(will increase energy bills 50%.,) energy bills were cited as one of the two main reasons for homelessness,
- ..raise welfare costs over 40 years and up to $1 trillion per year by 2050
- ..bill would cost "hundreds of billions of dollars." The American Council for Capital Formation's analysis on Nov. 8 found the bill will lead "to higher energy prices, lost jobs and reduced [gross domestic product]."
Moreover, U.S. plants are more efficient than China's plants, so this bill could cause net global emissions to increase, not decrease.
