Liberman - Warner Tax Proposal

Energy Information Administration (EIA) has produced an analysis of the "America's Climate Security Act - S.2191 (Liberman-Warner)

According to the Environment & Public Works Committee, Sen. James Inhofe (R-Olka),
"Multiple government and private analyses now clearly show that the bill is wrong for America,". "The EIA analyses projected unacceptable increases in Americans average annual household energy bills up to $325 in 2020 and $723 by 2030. And this does not factor in transportation-related costs. The EIA also found that the Lieberman-Warner bill would lead to higher coal, natural gas and petroleum prices."

"Further, EIA's gloomy economic analysis is contingent upon the U.S. building more than 2 1/2 times as many new nuclear plants as are currently operating,". Basically speaking, the Lieberman-Warner bill would decrease our manufacturing by at least 9.5% by 2030. "If Democrats have their way, Americans will pay significantly more at the pump, in their homes, and in many cases, with their jobs, all to accomplish and undetectable impact on the climate."

EPA's analysis of Liberman-Warner bill: 1.8 Million jobs will be lost by 2020; Carbon mandate would harm consumers, jobs and economy; Gas will rise by 53 cents per gallon: cutting emissions may cost U.S. economy up to 108 Trillion dollars.
For more information see:
http://epw.senate.gov/public/index.cfm?FuseAction=Minority.PressReleases&Co