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Speaker Pelosi closed debate on the House floor speaking briefly, saying:
FACT: The EPA found the overall impact on the average household would be 22 to 30 cents per day ($80 to $111 per year)--or less than the cost of a postage stamp a day. This does not take into account the household energy costs savings from the American Reinvestment and Recovery Act estimated of up to $98 per year.Congressional Republicans requested a CBO analysis of the bill that shows an average cost around 48 cents per day for the average household in 2020 ($175 per year) -- 18 times smaller than what the House GOP's been claiming for months -- and still not including efficiency savings. In fact, household savings generated from greater efficiency in appliances and homes are estimated to total over $4,000 a year by 2030. [ACEEE]
Two separate analyses released this week found the American Clean Energy and Security Act would dramatically reduce carbon pollution and support robust economic growth for a minimal cost. After months of exaggerations by opponents of the bill, the two reports projected costs 18 to 40 times smaller than partisan claims: