The liberal Green New Deal pushed by Rep. Alexandria Ocasio-Cortez and others would cost homeowners an average additional $70,000 in the first year, and over $100,000 for those living in Alaska, according to a new analysis.
The study released today by Power the Future and the Competitive Enterprise Institute warned that costs could surge further because not all the details of the plan are known.
“The Green New Deal would cost a typical household more than $70,000 in the first year of implementation, approximately $45,000 for each of the next four years, and more than $37,000 each year thereafter. In Alaska, estimated costs are much higher: more than $100,000 in year one, $73,000 in the subsequent four years, and more than $67,000 each year thereafter,” said the study posted on CEI’s webpage.
The goal of the Green New Deal is to eliminate the use of carbon-based fuels and industries.
The overall price tag of the Green New Deal in other studies have been pegged at $93 trillion. It would result in gas taxes of $10-$13 per gallon.
“Economists and experts have been warning us for months about the devastating effects of the Green New Deal, and now we have the numbers to prove it,” said Daniel Turner, executive director of Power the Future.
“This study only calculates a fraction of the cost of Alexandria-Ocasio Cortez’s radical plan, which amounts to a socialist free-for-all with no regard for the American taxpayer. No family should be forced to pay tens of thousands of dollars in the first year alone to fund AOC’s ideological wish list. Thankfully, Americans see through the Green New Deal and are beginning to fight back,” he added.
