ICYMI: Green New Deal Too Costly for America

WASHINGTON, D.C. – Earlier this week, a new analysis was released on the potential costs of the so-called Green New Dealanother progressive proposal that would dramatically impact Americans’ lives and bust our nation’s budget in the process. According to the author, former Director of the Congressional Budget Office, Douglas Holtz-Eakin, this sweeping proposal could cost taxpayers up to approximately $93 trillion dollars over ten years.

As Holtz-Eakin writes:

“The Green New Deal is clearly very expensive. Its further expansion of the federal government’s role in some of the most basic decisions of daily life, however, would likely have a more lasting and damaging impact than its enormous price tag.”

Here’s what others are saying about the “Green New Deal”:

Fox News: “… doesn’t come cheap.” 

The Wall Street Journal“… engineered to be as expensive as possible.”

Forbes: “It will cost a bundle, a lot more money than any extra taxes on the wealthy can raise.” 

Washington Post: “… would do nothing to arrest greenhouse-gas emissions.”

Hoover Institution’s Lee Ohanian“… is a pipe dream, not a serious policy proposal.”

American Enterprise Institute’s James Pethokoukis“Basically, the Green New Deal costs all the money.”

The Heartland Institute’s Justin Haskins: “… would send America off the economic cliff and greatly expand the federal government’s power over our lives.”

Karl Rove: “disrupting our American economy … a laundry list of lunatic ideas.”

Click HERE to read more about how this costly program will affect the budget in our Budget Busters March Mini Series.