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The Kerry-Lieberman American Power Act will place a gross annual burden on the economy of $125.9 billion per year, and reduce U.S. employment by roughly 522,000 jobs in 2015, rising to over 5.1 million jobs by 2050.
The state of California ranks 42nd in electricity affordability, while Washington ranks 4th. Find out where your state ranks.
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By capping U.S. carbon emissions, the Kerry-Lieberman cap-and-trade bill (known as the "American Power Act") would raise consumer prices for gasoline, electricity and a wide range of other consumer products. The following calculator estimates the annual burden your household would face if the Kerry-Lieberman bill is enacted.
All figures are based on the forthcoming Institute for Energy Research study, "Paying for the 'American Power Act': A Distributional Analysis of the Kerry-Lieberman Cap-and-Trade Bill." (All figures in 2010 dollars.)
All figures are based on the forthcoming Institute for Energy Research study, "Paying for the 'American Power Act': A Distributional Analysis of the Kerry-Lieberman Cap-and-Trade Bill." (All figures in 2010 dollars.)
Your Household's Annual Income
Your Household's Annual Spending
Your Household's Cap-and-Trade Burden:Gasoline & Motor Oil
Electricity
Natural Gas & Heating Oil
Food & Drink
Housing
Healthcare
Clothing, Shoes & Apparel
Entertainment
Transportation (excluding Gas & Motor Oil)
All Other Expenses
Total Annual Cost (2010 Dollars):




