Higher Bills
Climate change legislation will dramatically increase the cost of energy making everything you do from driving your car to heating your home cost more. In fact, it is predicted that the average cost of energy per family could go up by more than $100 a month. If the bill passes, you will begin to see these higher rates as quickly as 2012.
And, these costs will not only affect your family’s energy bills, they will also affect your grocery bill,
your department store bills and home improvement store bills. Because manufacturers use energy to make the
things we need, it will be more expensive for them to produce everything from shoes and clothing
to carpet and furnishings. It will also make it more expensive for farmers to deliver milk, eggs, fruits and
vegetables to grocery stores. Therefore, you can expect to see prices increased on virtually anything you
purchase – totaling $3,900 more per year on essential expenses alone.
Quick Facts
- It is estimated that American families will pay $3,900 more a year for essential expenses, including:
- Electricity and natural gas bills per household would increase by at least $1,500 per year.
- Annual property taxes would go up by $1,709.
- The average cost for gasoline could go up to $4.00 a gallon.
Source:
The Heritage Foundation