Rep. Mike Pence Disputes Reality

June 25, 2009 2:10 pm ET

On June 25, 2009, in a speech on the House floor, Rep. Mike Pence claimed there was "no" dispute "the Democrat [sic] cap and trade bill will raise the cost of energy to every household in America, every small business, every family farm, and it will cost millions of American jobs." However, Pence has a dispute with the facts.

Rep. Mike Pence Disputes The CBO Prediction Of A Cost Decrease For Americans

Rep. Mike Pence: "Now, there's lots of debate about what this bill will cost the average American but there is no dispute the Democrat [sic] cap and trade bill will raise the cost of energy to every household in America, every small business, every family farm..." [MikePence.House.gov, accessed 6/25/09]

Reality: CBO: Cap-And-Trade Would DECREASE Energy Prices For Low-Income Americans. In its analysis of the American Clean Energy and Security Act, the Congressional Budget Office wrote, "households in the lowest income quintile would see an average net benefit of about $40 in 2020." [CBO, 6/19/09; emphasis original]

Rep. Mike Pence Disputes The Many Studies That Show Cap-And-Trade Would Create Jobs For Americans

Rep. Mike Pence: "...and it will cost millions of American jobs." [MikePence.House.gov, accessed 6/25/09]

Reality: Investment In Clean Energy Technology Will Create Over 1.7 Million American Jobs.  According to the Center for American Progress: "Investments in a clean-energy economy will generate major employment benefits for the entire U.S. economy. Our research finds that spending $150 billion on clean-energy investments would create roughly 1.7 million jobs. This is even after assuming a reduction in fossil fuel spending equivalent to the increase in clean-energy investments." [Center for American Progress, The Economic Benefits of Investing in Clean Energy, 6/17/09]

Every Single State Will Gain Jobs From Investments 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]

Investment in Clean Energy Technology Creates FOUR TIMES As Many Jobs As An Investment In Oil & Gas.  According to the Center for American Progress, "spending $1 million on energy efficiency and renewable energy produces a much larger expansion of employment than spending the same amount on fossil fuels or nuclear energy. Among fossil fuels, job creation in coal is about 32 percent greater than that for oil and natural gas. The employment creation for energy efficiency-retrofitting and mass transit-is 2.5 times to four times larger than that for oil and natural gas. With renewable energy, the job creation ranges between 2.5 times to three times more than that for oil and gas." [Center for American Progress, The Economic Benefits of Investing in Clean Energy, 6/17/09]

Investment In Renewable Energy Has Already Salvaged Many Manufacturing Facilities Closed During Economic Downturn.  Across America, factories and plants abandoned by the old economy have been re-tooled and re-opened to satisfy the growing demand for new energy technologies. For instance, once hopeless manufacturing plants in Pennsylvania, Iowa, and Michigan have re-energized their communities by creating jobs and leading the charge toward a new energy future. [Bloomberg, 4/2/09; Star Tribune, 4/22/09; Grand Rapids Press, 3/6/08]

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