The ACES bill (as reported) will cost households about $175 annually by 2020 if implemented, according to an analysis by the Congressional Budget Office. $14.50 per month? $0.48 per day? By 2020? Really? That’s it? Do you think President Obama’s team can find a powerful soundbite or two in that story?
This story largely got swept up in the blizzard of ACES-related reporting last week and received only passing notice. It may not even have influenced any votes in the House. But we think that the CBO analysis of the cost of implementing the ACES bill will achieve considerable prominence as the bill moves to the Senate and the various forces around climate and energy policy-making catch their breath and recalibrate for the next phase of debate.