Chairmen Henry A. Waxman and Edward J. Markey, co-authors of the Waxman-Markey American Clean Energy and Security Act (H.R. 2454) said that a new analysis of the bill by the Congressional Budget Office (CBO) shows the that the net annual cost of the legislation would be approximately $175 per household in 2020.  This analysis comes on the heels of a new study that found 1.7 million jobs would be created by the clean energy legislation.

“This analysis underscores that this legislation is effective and affordable,” said Rep. Waxman. “It sets America on a course of energy independence while taking significant steps to reduce dangerous global warming pollution.”

“Americans know that building a clean energy economy has real value, and this CBO analysis proves it,” said Rep. Markey. “Low-income American families will see a $40 benefit from using more wind and solar energy and less foreign oil. And for the cost of about a postage stamp a day, all American families will see a return on their investment as our nation breaks our dependence on foreign oil, cuts dangerous carbon pollution and creates millions of new clean energy jobs that can’t be shipped overseas.”

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