• Higher Energy Prices:  The bill imposes a national cap-and-tax regime that ultimately every consumer in the U.S. would pay for.  Independent researchers, CBO, and the President all agree that this cost will be passed to consumers.  Furthermore, almost every other provision in the bill either increases the cost of energy directly or tried to keep it from increasing too much-such as a new federal renewable electricity standard that would likely cause electricity prices to spike.

• Fewer Jobs:  The bill does little to address the enormous loss of jobs that would ensue when U.S. industries absorb the cost of the cap-and-tax plan and other provisions, likely sending millions of American jobs overseas.  There is little debate that a national energy tax would outsource millions of manufacturing jobs to countries such as China and India.  According to the independent Charles River Associates International, H.R. 2454 would result in a "net reduction in U.S. employment of 2.3 million to 2.7 million jobs each year of the policy through 2030," even after the creation of new green jobs.

• More Government Intrusion:  The bill creates a host of new federal mandates on everything from outdoor light bulbs and table lamps to water dispensers, commercial hot food cabinets, and Jacuzzis.  The bill would also increase the demand for electricity (to fuel plug-in vehicles via new hybrid incentives) at the same time as the other portions of the bill cause consumer electricity costs to spike.

1. Reduce aggregate gross GDP by $9.4 trillion;
2. Raise electricity rates 90 percent;
3. Raise gasoline prices by 58 percent;
4. Raise residential natural gas prices by 55 percent; and
5. Increase inflation-adjusted federal debt by 26 percent, or $28,728 additional federal debt per person, again after adjusting for inflation.
   

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