U.S. Chamber Of Commerce Repeats Energy Policy Lie In Attack On Teague

October 07, 2010 4:35 pm ET

In a new campaign ad attacking Rep. Harry Teague (D-NM), the U.S. Chamber of Commerce does nothing more than parrot tired Republican talking points on Democrat-sponsored energy policy. The ad claims that Teague supported a "job-killing energy tax" that, if implemented, "would cost thousands of New Mexico jobs." In reality, the clean energy bill passed by House Democrats would create millions of jobs — including 11,000 in New Mexico — while costing households only pennies a day and making America safer by reducing our dependence on foreign oil.

U.S. Chamber Of Commerce: "Afford"

Can New Mexico really afford higher electric rates? Or $4 a gallon gas? Or lose thousands of jobs? We'll have to if Congressman Harry Teague gets his way. Teague was instrumental in passing Nancy Pelosi's new job-killing energy tax. Teague's vote would cost thousands of New Mexico jobs. We've been hurt enough. Tell Harry Teague, "Stop siding with Nancy Pelosi and costing New Mexico jobs."

Clean Energy Legislation Will Boost The Economy...

Clean Energy Legislation Would Boost GDP By Up To $111 Billion.  According to the University of California-Berkeley: "Comprehensive clean energy and climate protection legislation, like the American Clean Energy and Security Act (ACES) that was passed by the House of Representatives in June, would strengthen the U.S. economy by establishing pollution limits and incentives that together will drive large-scale investments in clean energy and energy efficiency...New analysis by the University of California shows conclusively that climate policy will strengthen the U.S. economy as a whole. Full adoption of the ACES package of pollution reduction and energy efficiency measures would ... boost GDP by $39 billion-$111 billion. These economic gains are over and above the growth the U.S. would see in the absence of such a bill." [UC Berkeley, accessed 1/22/10]

Clean Energy Legislation Would Boost Household Income By Nearly $1,200 Per Year.  According to the University of California-Berkeley: "Full adoption of the ACES package of pollution reduction and energy efficiency measures would create between 918,000 and 1.9 million new jobs, increase annual household income by $487-$1,175 per year... These economic gains are over and above the growth the U.S. would see in the absence of such a bill." [UC Berkeley, accessed 1/22/10]

...Create Millions Of Jobs Across The Country...

New Mexico Would Gain 11,000 Jobs From An Investment In Clean Energy Technologies. According to the Center for American Progress and the Political Economy Research Institute, "New Mexico could see a net increase of about $860 million in investment revenue and 11,000 jobs based on its share of a total of $150 billion in clean-energy investments annually across the country. This is even after assuming a reduction in fossil fuel spending equivalent to the increase in clean-energy investments. Adding 11,000 jobs to the New Mexico labor market in 2008 would have brought the state's unemployment rate down to 3.0 percent from its actual 2008 level of 4.2 percent." [Center for American Progress and the Political Economy Research Institute, Clean-Energy Investments Create Jobs in New Mexico, 6/17/09]

Investment In Clean Energy Technology Would Create Up To 1.9 Million American Jobs. According to the University of California-Berkeley, "new analysis by the University of California shows conclusively that climate policy will strengthen the U.S. economy as a whole. Full adoption of the ACES package of pollution reduction and energy efficiency measures would create between 918,000 and 1.9 million new jobs." [UC Berkeley, accessed 1/22/10]

  • Every Single State Will Gain Jobs From An Investment In Clean Energy Technologies. According to the Center for American Progress, investments in clean energy projects would create 1.7 million American jobs in every state in the country. [Center for American Progress, The Economic Benefits of Investing in Clean Energy, 6/17/09]

...Cost Only Pennies A Day...

Peterson Institute: American Power Act Would Only Cause "Between A $136 Increase And A $35 Decrease" In Annual Energy Costs Per Household. In its analysis of the American Power Act, the Peterson Institute for International Economics wrote: "In our analysis, households see somewhere between a $136 increase and a $35 dollar decrease in annual energy expenditures, depending on future improvements in vehicle efficiency. The American Power Act also returns much of the revenue raised through the sale of pollution permits to households, with further mitigates the impact of higher energy prices." [Peterson Institute, May 2010]

Reuters: "Climate Legislation Moving Through Congress Would Have Only A Modest Impact On Consumers." According to Reuters: "A new U.S. government study on Tuesday adds to a growing list of experts concluding that climate legislation moving through Congress would have only a modest impact on consumers, adding around $100 to household costs in 2020. Under the climate legislation passed by the House of Representatives in June, electricity, heating oil and other bills for average families will rise $134 in 2020 and $339 in 2030, according to the Energy Information Administration, the country's top energy forecaster." [Reuters8/5/09]

EIA: Clean Energy Legislation Would Cost Only $0.23 Per Day. According to a House Energy and Commerce Committee factsheet of the Energy Information Administration's analysis of the American Clean Energy and Security Act: "The U.S. Energy Information Administration (EIA) has completed an analysis of the American Clean Energy and Security Act (H.R. 2454), as passed by the U.S. House of Representatives... The overall impact on the average household, including the benefit of many of the energy efficiency provisions in the legislation, would be 23 cents per day ($83 per year). This is consistent with analyses by the Congressional Budget Office which projects a cost of 48 cents per day ($175 per year) and the Environmental Protection Agency which projects a cost of 22 to 30 cents per day ($80 to $111 per year)." [House Energy and Commerce Committee, EIA's Economic Analysis Of "The American Clean Energy And Security Act Of 2009," 8/4/09; emphasis original]

...And Make Us Safer By Reducing Our Dependence On Foreign Oil

Veterans Advocacy Group Favors Legislation To Reduce Our Oil Imports. VoteVets.org, a "pro-military organization founded by Veterans of the wars in Iraq and Afghanistan," released an ad explaining why we need to break America's dependence on foreign oil:

 [VoteVets.org Ad: "Tough" via YouTube, 3/3/10]

The U.S. Sends Hundreds Of Billions Of Dollars To Unstable Oil-Rich Countries Each Year. The Center for American Progress created a useful graphic displaying how America's oil addiction sends billions of dollars to unstable countries often hostile to America and its allies:

oilimports

[Center for American Progress, 1/13/10]

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