Campaign 2010

Jun 26, 2009

On Climate Change, Eric Cantor Either Doesn’t Know His Facts or Is Lying

Republican Whip Eric Cantor again repeated false "statistics" today in his continued effort to block progress on creating millions of green jobs by moving America to a clean energy future. Cantor has previously used the same distortions about the impact of the Clean Energy and Security Act.

 

"Either Eric Cantor doesn't understand the facts about the Clean Energy and Security Act on the House floor today or he is deliberately misleading Americans about it," said DCCC spokeswoman Jennifer Crider. "Eric Cantor and the Republican Party of No are so desperate to block progress on green jobs and a clean energy future that they are resorting to falsehoods and misleading partisan talking points."  

 

BACKGROUND

 

  • This morning, Cantor appeared on "Richmond's Morning News With Jimmy Barrett" and re-stated his false claim: "We've got coming to the floor of the U.S. House today a bill that will kill millions of jobs, pretty much everyone is settled on the estimate that this is a huge job killer. The question is if it passes in the House today, will it pass in the Senate? But remember what it does. What it does is it imposes up to $3,000 of cost on the average family of four." [Cantor ICYMI, 6/26/06]

 

  • Yesterday, Cantor falsely claimed that "‘cap and trade' legislation that will impose a national energy tax of up to $3,100 on all Americans and slam small businesses with higher energy bills, causing the loss of millions of jobs." [Cantor Press Release, 6/25/09]

 

  • FactCheck.org Says that Cantor's Figures are Wrong: According to FactCheck.org, "Leading Republicans are claiming that President Obama's proposal to curb greenhouse gas emissions would cost households as much as $3,100 per year. The Republican National Committee calls it a 'massive national energy tax.' But the $3,100 figure is a misrepresentation of both Obama's proposal and the study from which the number is derived... If the government did use revenue from cap and trade 'to pay an equal lump-sum rebate to every household,' the CBO expert said, 'lower-income households could be better off.'" [FactCheck.org, 5/28/09]

 

  • CBO: "In The Initial Years Of The Program, The Bulk Of Allowances Would Be Distributed At No Cost." In its analysis of the American Clean Energy and Security Act, the Congressional Budget Office wrote: "The incidence of the gains and losses associated with the cap-and-trade program in H.R. 2454 would vary from year to year because the distribution of the allowance value would change over the life of the program. In the initial years of the program, the bulk of allowances would be distributed at no cost to various entities that would be affected by the constraint on emissions." [CBO, 6/19/09]

 

  • Cap-And-Trade Would DECREASE Energy Prices For Low-Income Americans. In its analysis of the American Clean Energy and Security Act, the Congressional Budget Office wrote, "households in the lowest income quintile would see an average net benefit of about $40 in 2020." [CBO, 6/19/09]

 

  • In 2020, Cap-And-Trade Will Only Cost An Average Of $175 Annually, "About A Postage Stamp A Day." In its analysis of the American Clean Energy and Security Act, the Congressional Budget Office wrote, "On that basis, the Congressional Budget Office (CBO) estimates that the net annual economy wide cost of the cap-and-trade program in 2020 would be $22 billion-or about $175 per household." Rep. Edward Markey noted it was "the cost of about a postage stamp a day." [CBO, 6/19/09; House Committee on Energy & Commerce Release, 6/20/09]

 

  • CBO: "In The Initial Years Of The Program, The Bulk Of Allowances Would Be Distributed At No Cost." In its analysis of the American Clean Energy and Security Act, the Congressional Budget Office wrote: "The incidence of the gains and losses associated with the cap-and-trade program in H.R. 2454 would vary from year to year because the distribution of the allowance value would change over the life of the program. In the initial years of the program, the bulk of allowances would be distributed at no cost to various entities that would be affected by the constraint on emissions." [CBO, 6/19/09]

 

  • Cap-And-Trade Would DECREASE Energy Prices For Low-Income Americans. In its analysis of the American Clean Energy and Security Act, the Congressional Budget Office wrote, "households in the lowest income quintile would see an average net benefit of about $40 in 2020." [CBO, 6/19/09]

 

  • In 2020, Cap-And-Trade Will Only Cost An Average Of $175 Annually, "About A Postage Stamp A Day." In its analysis of the American Clean Energy and Security Act, the Congressional Budget Office wrote, "On that basis, the Congressional Budget Office (CBO) estimates that the net annual economy wide cost of the cap-and-trade program in 2020 would be $22 billion-or about $175 per household." Rep. Edward Markey noted it was "the cost of about a postage stamp a day." [CBO, 6/19/09; House Committee on Energy & Commerce Release, 6/20/09]

 

 

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