by Steve Milloy, E&E Legal Senior Policy Fellow and Junkscience.com Founder
As appearing in RealClear Markets
The Democratic Party has made it clear that they would rather pursue their destructive green agenda which further sets back America’s economy than give Americans the lifeline they need to get back on their feet. And if they flip the Senate this November, their climate tax will prove it.
Last week, Senate Democrats unveiled a climate plan that they say will cost $400 billion per year. But for a nation in recovery – one that is exhausted under the coronavirus pandemic, rebuilding after a deadly hurricane in Louisiana, and restoring businesses run into the ground from the recent shutdowns and lootings – it’s important to note what this climate plan really means for the average American household, and further, what it says about Democrats.
To estimate costs, there are about 120 million households in America. So, $400 billion per year divided by 120 million households means the Democrat climate spending plan is about $3,300 per year or about $280 per month — after taxes — for the average household per year.
And of course, actual costs are likely to be higher. They always are.
