Claim:
“[The American Clean Energy and Security Act] will come down hardest on the poor.”
— Rep. Eric Cantor (R-VA), 6/26/09
Truth:
Actually, the non-partisan Congressional Budget Office says low-income Americans will benefit the MOST from this bill. The CBO calculations show that low-income Americans will actually see a net cash gain from this bill, as the value of emission allowances is rebated back to consumers.
In contrast, it’s the cost of doing nothing that would fall most heavily on the poor: from greater health-care costs because of expanding disease vectors to the destruction of homes from catastrophic weather events , it’s the poor who will disproportionately suffer.
Instead of disingenuously trying to hide behind the least fortunate among us, Mr. Cantor should step up and support this legislation — legislation that would create job opportunities across the economic spectrum. Most importantly, jobs that would provide pathways out of poverty for Americans who need them most.