The bill to which this ad refers is HR 2454, the American Clean Energy and Security Act, which passed the House approved June 26, 2009 on a 219-212 vote; the bill later died in the U.S. Senate. The bill proposed a cap-and-trade system in which the government would limit the total amount of greenhouse gases that could be emitted nationally.
The bill did not impose an “energy tax” directly on Americans. Some opponents claimed it would raise energy costs, but the nonpartisan Congressional Budget Office concluded the cost would be negligible for most and some poorer households would actually gain:
(T)he net annual economy-wide cost of the cap-and-trade program in 2020 would be $22 billion—or about $175 per household. That figure includes the cost of restructuring the production and use of energy and of payments made to foreign entities under the program, but it does not include the economic benefits and other benefits of the reduction in GHG emissions and the associated slowing of climate change. CBO could not determine the incidence of certain pieces (including both costs and benefits) that represent, on net, about 8 percent of the total. For the remaining portion of the net cost, households in the lowest income quintile would see an average net benefit of about $40 in 2020, while households in the highest income quintile would see a net cost of $245. Added costs for households in the second lowest quintile would be about $40 that year; in the middle quintile, about $235; and in the fourth quintile, about $340. Overall net costs would average 0.2 percent of households’ after-tax income.
The American Petroleum Institute had estimated the bill would raise gas prices by 77 cents per gallon, but the Environmental Protection Agency estimated the increases in gas prices would amount to less than 2 cents per year over the next two decades.
Among many other provisions, the bill included a low-income energy tax credit program to offset any impact of higher energy prices; an energy rebate to reach families who don’t make enough to file tax returns; and a $4-billion, one-year program providing vouchers for the purchase or lease of a new car or truck to those who trade in an eligible vehicle for one that’s more fuel efficient.
The bill was widely supported by environmental organizations, but actually split the business community somewhat: Supporters included General Electric, Dow Chemical, Pacific Gas and Electric, Ford Motor Co. and DuPont, while opponents included the U.S. Chamber of Commerce and the National Association of Manufacturers.
Here’s the latest ad that McNerney is running against his Republican challenger, Ricky Gill:
“Ricky Gill never held a full-time job.” – Gill has held various summer jobs and internships, but has had no full-time job other than being a partner in his parents’ farming and RV park businesses, where his duties have been unclear. Gill graduated from law school in May, but hasn’t taken the California State Bar exam and so can’t practice law yet.
“He has an allowance from his parents.” – Gill’s personal financial disclosure says he received $10,000 in salary in 2010 (while in law school) from CVR Management of Lodi, a company registered to two of his brothers, not his parents. I’m pretty sure it was the California Democratic Party which first called this “an allowance.”
“Gill Family: $40,000 in unpaid taxes and liens” – The McNerney campaign provided me a 27-page PDF of lien records (summary pages 1 and 2) culled from the Sacramento and San Joaquin county recorders’ offices, detailing various liens from 1985 through 2011 for state and county taxes, delinquent utility charges, and contractors’ services.
“Gill Family: $165,000 in taxpayer-funded subsidies” – McNerney’s campaign provided this breakdown:
Gill’s campaign spokesman told the Associated Press earlier this year that the disaster subsidies were to offset crop problems affecting the family’s wine grapes.
“Jerry McNerney: Opposed $350 billion bailout” – As I reported here a month ago, he opposed it after it had already happened, essentially a completely symbolic vote. But he had voted for the Troubled Assets Relief Program (TARP) in the first place, as had 91 House Republicans including now-Speaker John Boehner, R-Ohio.
UPDATE @ 2:12 P.M.: Gill’s campaign notes that I didn’t fact-check McNerney’s description of himself as “a real small businessman;” his financial disclosures indicate he resigned as CEO of Hawt Power in 2006, and mentioned no income from any business in 2011.