As Senate Majority Leader Mitch Mcconnell readies to bring the Green New Deal to a vote today, it's worth highlighting just how much the big-government plan would cost an average American family.
According to new analysis by the Heritage Foundation, implementing the carbon taxes necessary to reduce emissions by even a fraction of those called for in the Green New Deal would have the following effects on the economy:
According to the Heritage Energy Model, as a result of the taxes and carbon-based regulations, by 2040 one can expect:
- A peak employment shortfall of over 1.4 million jobs.
- A total income loss of more than $40,000 for a family of four.
- An aggregate gross domestic product loss of over $3.9 trillion.
- Increases in household electricity expenditures averaging approximately 12 to 14 percent.
The worst part: Even after these massive changes, Green New Deal policies wouldn't affect climate change.
Per Heritage:
According to the Model for the Assessment of Greenhouse Gas Induced Climate Change, using a climate sensitivity of 4.5 degrees Celsius (the warming effect of a doubling of carbon dioxide emissions and an estimate exceeding recent research on the topic), the world would be less than 0.2 degree Celsius cooler by 2100. The rise of sea levels would be reduced by less than 2 centimeters.
We need to stop looking to the federal government for solutions to our problems. Instead, we should work towards policies that reduce DC's power and return that power to the states and the people.
Washington will never willingly give up its power. That's why they manufacture crises in the first place -- as a way to seize control of more aspects of American life.
Only through an Article V Convention of States can the people effectively limit the power and jurisdiction of the federal government.
A Convention of States is called and controlled by the states and has the power to propose constitutional amendments that shrink D.C.'s power, impose fiscal restraints on Congress, and mandate term limits for federal officials.
Congress is unwilling to listen to common sense or the needs of average American families. It's time for the people to take a stand and call a Convention of States.
