No Change to Consumer Assistance in Revised American Clean Energy & Security Act, H.R. 2454<\/p>\n
On June 24, Republican members of the House Ways & Means Committee circulated yet another false claim about the pending clean energy bill, H.R. 2454. In an inflammatory email today, they claim that a new version of H.R. 2454 supposedly “yanks middle class tax relief” from the bill.<\/p>\n
That’s completely false. Here are the facts:<\/p>\n
1.\u00a0\u00a0\u00a0 The bill was \u2013 and still is \u2013 loaded with relief for consumers.<\/p>\n
2.\u00a0\u00a0\u00a0 For starters, H.R. 2454 protects everyone who uses electricity by providing free allowances \u2013 worth hundreds of billions of dollars \u2013 that must be used to protect ratepayers.<\/p>\n
3.\u00a0\u00a0\u00a0 To further benefit American consumers, the bill provides $250 billion (in present value) of tax refunds for every taxpayer in the country, starting in 2020.<\/p>\n
4.\u00a0\u00a0\u00a0 Finally, to address the special needs of low-income families, the bill goes even further and provides extra relief for these households.<\/p>\n
5.\u00a0\u00a0\u00a0 It’s only this third type of consumer relief, directed at low-income households, that has changed at all in the new version of the bill. Even there, the amount of assistance hasn’t changed one cent. The only difference is a technical change in how that assistance would be delivered — from a tax credit to a refund.<\/p>\n
In short, clean energy opponents’ attack machine has misfired again.<\/p>\n","protected":false},"excerpt":{"rendered":"
No Change to Consumer Assistance in Revised American Clean Energy & Security Act, H.R. 2454 On June 24, Republican members of the House Ways & Means Committee circulated yet another false claim about the pending clean energy bill, H.R. 2454. In an inflammatory email today, they claim that a new version of H.R. 2454 supposedly …<\/p>\n","protected":false},"author":921,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[20],"tags":[],"coauthors":[],"class_list":["post-897","post","type-post","status-publish","format-standard","hentry","category-news"],"acf":[],"yoast_head":"\n