The Green New Deal is going to put a lot of Americans in the red.
According to a new analysis, the liberal plan backed by Sen. Bernie Sanders and Rep. Alexandria Ocasio-Cortez will cost households an average of $75,000 in the first year and $40,000 extra every year after.
The study of 11 states found that the initial year of the program will be especially high because businesses and households will have to get new equipment. The price tag includes increased costs for electricity, upgrading vehicles and housing, and shipping.
Alaska would be hit the hardest, with an initial first-year price tag per household at over $84,000.
“The Green New Deal is a politically motivated policy that will saddle households with exorbitant costs and wreck our economy. Our analysis shows that, if implemented, the Green New Deal would cost for American households at least tens of thousands of dollars annually on a permanent basis,” said Competitive Enterprise Institute President Kent Lassman.
“The Green New Deal would effectively destroy America’s energy industry, and with it, our entire economy,” added Daniel Turner, executive director of Power the Future.
And Wisconsin Institute for Law and Liberty research director Will Flanders said, “The Green New Deal would eliminate that, driving middle class families into poverty by imposing staggering annual costs of more than $40,000 per household.”
All three groups joined in producing the report, “What the Green New Deal Could Cost a Typical Household.”
Liberals and progressives have galvanized around the plan to end the use of fossil fuels. But many centrists have avoided it because of the costs.
Several groups have studied the potential high costs, and the new report is the latest.
According to DataUSA the median annual household income in Wisconsin is $60,773. The first-year costs of the Green New Deal would thus suck up all of the income of most families in Wisconsin in its first year, three-fourths for the next four years, and two-thirds every year thereafter.
Anyone who supports this stupidity is your enemy.