Report shows CLEAR benefits for families

Posted by: Alison Lindburg in legislationCLEAR Actcap and dividend on  

wind turbineA recently released report from the Political Economy Research Institute at the University of Massachusetts-Amherst has found nationwide benefit in the bipartisan clean energy and job growth bill, the Carbon Limits and Energy for America's Renewal (CLEAR Act), introduced by Senators Maria Cantwell (D-WA) and Susan Collins (R-ME). According to the report, through the distribution of 75 percent of revenue generated from carbon shares, the income of low and middle income families in America would be protected against energy price increases. The remaining 25 percent of revenue would be allocated toward clean energy research and development, leading to the creation of a predicted 360,000 jobs. The report also shows that every single state would see benefits.

It states, "the CLEAR Act delivers positive net benefits to the median household - and to the majority of households - in each and every state."

Another bipartisan comprehensive energy and climate bill, currently being written by John Kerry (D-MA), Joe Lieberman (I-CT), and Lindsey Graham (R-SC), is predicted to include aspects of the CLEAR ACT. Its introduction is expected on Earth Day. Click here for an executive summary of the report and for more information on the CLEAR Act.

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