Curbelo's Carbon Tax Would Hike Household Energy Bills by $688

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Posted by ATR on Saturday, July 21st, 2018, 9:48 PM PERMALINK

 

Rep. Carlos Curbelo will introduce an $800 billion net tax increase on Monday, a massive carbon tax on the American people. Curbelo will release the bill Monday at 9:00 a.m. during an event at the National Press Club hosted by Columbia University.

Household energy bills will go up as a direct result of the Curbelo carbon tax. That's according to the actual report accompanying the bill release. Yes, Curbelo will be on stage attempting to defend a carbon tax hike that raises energy bills, all because of him.

Let's go to the report:

Under the Curbelo proposal, the carbon tax increases wholesale electricity prices, and these increases flow through to retail rates.

The report also states that the price of gas will increase up to 11 cents per gallon.

So how much is this going to cost people?

The report states:

Per capita energy expenditures will increase by about $275 in 2020

Note the report gets cute by using per capita instead of per household.

There are 2.5 people per household, according to the Census Bureau.

$275 x 2.5 = $688

So: Thanks to the Curbelo carbon tax bill, your household energy costs would increase $688 in one year alone, in 2020.

Good luck explaining that one, congressman.

 

Photo Credit: 401(K) 2012

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