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| CBO: “American Power Act” Cuts Deficit by $19 Billion |
 Senators John Kerry (D-Mass.) and Joe Lieberman (I-Conn.), of the Senate American Power Act, highlighted today’s new scoring from the Congressional Budget Office showing the measure reduces America’s deficit by over $19 billion over ten years. The scoring also shows the Kerry-Lieberman bill complies with the Senate’s budget rules.
“Today, the Congressional Budget Office has sent Congress a powerful message: our comprehensive energy and climate bill will slash America’s deficit by over $19 billion,” said Sens. Kerry and Lieberman. “There is no more room for excuses – this must be our year to pass comprehensive climate and energy legislation and begin to send a price signal on carbon. Many of our colleagues have said they flatly oppose anything that adds a penny to the deficit, so we hope they look anew at this initiative which reduces it.” |