|June 16, 2010|
Americans would be better off under the Kerry-Lieberman Act
|Washington - The Environmental
Protection Agency's highly anticipated, comprehensive economic
analysis of the American Power Act shows that the bill will
decrease Americans' energy bills and protect those most affected by
The American Power Act's co-authors, Senators John Kerry, D-Mass., and Joe Lieberman, I-Conn., lauded the release of the report as an important step toward moving their comprehensive climate and clean energy legislation through the Senate this year.
Unveiled just in time for President Obama's Oval Office address the EPA study corroborates the findings of the non-partisan ClimateWorks Foundation, which indicated that the American Power Act will create 540,000 jobs per year while providing an average of $71 in savings on families' utility bills. The ClimateWorks study, also released today, identified no negative change in the U.S. Gross Domestic Product (GDP) through 2030 and a 45 percent emissions cut by 2030.
The EPA's analysis shows that the American Power Act: