At a time when most Americans are still weary about the U.S. economy, studies from various different institutions show that the American Power Act (APA) will help improve almost all sectors of the economy.
Contrary to the claims of right wing organizations like the Heritage Foundation, the Center for American Progress (CAP) has been analyzing reports from several different organizations, and recently released a detailed report showing that employment, investment, and business growth would all benefit from the provisions contained in the American Power Act.
Among the most promising studies, CAP shows that we could see as many as two million new jobs added to our economy in the next decade as a direct result of enacting the policies contained within the APA.
They also show an increase in household income by as much as $1,176 over the next ten years.
The Center for Climate Strategies is predicting that we can expect a US$107 billion increase in national GDP by 2020 if all the policies from the plan our enacted.
In addition to the benefits that the economy will see, the nation will also be on its way to becoming more energy efficient and independent. As a Pentagon report released earlier this year shows, our nation’s dependence on foreign sources of energy is becoming a massive national security problem, which adds another dimension of benefits to enacting the APA.
While still not perfect, the APA is the only chance we have right now of enacting meaningful climate policy. And as the economic benefits far outweigh the risks involved – unless you happen to be an Exxon shareholder – the bill seems to be a good cover-all that could address some of the most serious issues facing our nation today.
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