American Power Act has good consumer relief provisions
The Center on Budget and Policy Priorities published a report this week that explores in detail the impact of the Kerry/Lieberman American Power Act on low-income consumers. Expanding on an earlier podcast that was supportive of the bill’s low-income relief provisions, the report concludes:
“The Kerry-Lieberman American Power Act provides the same funding for low-income relief as the bill that the House passed last year (an amount equal to 15 percent of the allowance value). It
uses the same mechanism to deliver that relief to most low-income households (the state administered EBT system), and the size of the benefit is calculated in the same way. As a result, it meets the goal of protecting the typical household in the poorest fifth of the population from incurring a financial loss as a result of policies necessary to fight global warming.