Study: How Much Would the Green New Deal Actually Cost American Families?

Study: How Much Would the Green New Deal Actually Cost American Families?

August 1, 2019

Rep. Alexandria Ocasio-Cortez and a growing number of Democrats are touting the so-called “Green New Deal,” but they’ve resisted every effort to nail down the inconvenient details. We decided to help them out.

Power The Future partnered with Competitive Enterprise Institute’s (CEI) Kent Lassman to study what the GND would actually cost American families in five different states just to comply with requirements in 4 categories:

  1. Additional electricity demand
  2. Costs associated with shipping and the logistics industry
  3. New electric vehicles
  4. Building retrofits

Here’s what we found:

What the Researchers Had to Say:

“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.” – PTF’s Daniel Turner

“The Green New Deal is a radical blueprint to de-carbonize the American economy by refashioning how we grow food, move people and goods, source and distribute electricity, and build the structures where we live, work, and play. Our analysis shows that, if implemented, the Green New Deal would cost for American households at least tens of thousands of dollars annually on a permanent basis.” – CEI’s Kent Lassman

Executive Director Daniel Turner discussed the findings with Fox News’s Kennedy:

 

News Coverage of the Report:

Daily Caller: Study: Green New Deal Would Suck More Than $70k From Households In Five States In One Year

Washington Times: AOC’s Green New Deal would cost $70k-plus per household in first year: Study

PJ Media: Study: First Five Years of Green New Deal Would Cost at Least $250K Per Household

Fox News: Swing-state households would lose at least $70G within first year of Green New Deal, study finds

 

Want to learn more? Read the full report