Gov. Palin's Misleading Washington Post Op-ed

From MediaMatters

On July 14, 2009, Gov. Sarah Palin wrote an op-ed in the Washington Post that falsely claimed cap-and-trade would harm low-income Americans and kill jobs. In reality, the American Clean Energy and Security Act would create jobs in every state and help America become more energy independent, all for the price of a postage stamp per day.

Gov. Palin Falsely Stated Low-Income Americans Will Be "Hit Hardest"

Gov. Palin: "The Americans hit hardest will be those already struggling to make ends meet." [Palin op-ed, Washington Post, 7/14/09]

Cap-And-Trade Would DECREASE Energy Prices For Low-Income Americans. In its analysis of the American Clean Energy and Security Act, the Congressional Budget Office wrote, "households in the lowest income quintile would see an average net benefit of about $40 in 2020." [CBO, 6/19/09; emphasis original]

• The Actual Cost Will Likely Be Lower, As Federal Subsidies Were Not Taken Into Account. In its analysis of the American Clean Energy and Security Act, the Congressional Budget Office wrote: "The analysis does not include the effects of other aspects of the bill, such as federal efforts to speed the development of new technologies and to increase energy efficiency by specifying standards or subsidizing energy-saving investments." [CBO, 6/19/09]

(More here.)