American Power Act Gets Big Boost From Budget Experts
The American Power Act, sponsored by Senators John Kerry & Joe Lieberman, got a big boost today from the people who analyze the dollars & cents in federal legislation:
Congressional budget experts say a climate and energy bill now stalled in the Senate would reduce the federal deficit by about $19 billion over the next decade, a key selling point for advocates who are struggling to move the bill through a divided Congress.
The Congressional Budget Office said Wednesday that the bill would increase federal revenues by about $751 billion from 2011 to 2020, mostly though the sale of carbon credits in so-called a cap-and-trade plan applied to utilities and other sectors of the economy. The measure would increase spending by about nearly $732 billion.
Now’s your chance to give clean energy & climate legislation a boost of your own. Email your senators right now! With record-breaking heat on the East Coast, dirty energy polluting the Gulf Coast, and $1 billion dollars a day draining out of the economy to buy oil from overseas, there’s never been a more urgent time for Congress to act.