AOC’s Green New Deal Would Cost $75K Per Household in First Year: Study
The Washington Times cites CEI’s Green New Deal study, coauthored by CEI President Kent Lassman:
The study, conducted by the free-market Competitive Enterprise Institute, Power the Future, and the Wisconsin Institute for Law and Liberty, examined the ambitious House and Senate resolution’s projected impact on energy costs in 11 states.
In the first year, the Green New Deal would cost a typical household a minimum of $74,287, with annual costs falling to $47,755 per household in the next four years, excluding Alaska, and $40,706 each year thereafter.
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CEI president Kent Lassman said the Green New Deal as a “politically motivated policy that will saddle households with exorbitant costs and wreck our economy.”
“Our analysis shows that, if implemented, the Green New Deal would cost for American households at least tens of thousands of dollars annually on a permanent basis,” Mr. Lassman said. “Perhaps that’s why exactly zero Senate Democrats, including the resolution’s 12 co-sponsors, voted for the Green New Deal when they had the chance.”