Cap/Trade Will Increase Share of Income Spent on Energy by 5% For Poorest 20% of HH's; Use Rebates, Not Utilities, to Deliver Subsidy.

Center for Budget and Policy Priorities paper is HERE.

Says that average energy cost increase for bottom 20% of households (average income, $15,000) will average $750 per year. That means 5% more of household income would go toward energy costs with a cap and trade program to reduce greenhouse gases by 15%.

Paper goes on to argue that energy companies are not best way to allocate subsidies to reduce cost impacts on lower income households and instead recommends use of a rebate mechanism described in separate paper HERE.

(Hat tip to NLIHC Memo to Members for link to paper).