ABSTRACT

Effects of Rising Energy Costs on American Families and Employers, Hearing Before the Subcommittee on Energy Policy, Health Care and Entitlements of the Committee on Oversight and Government Reform, House of Representatives, One Hundred Thirteenth Congress, First Session, February 14, 2013   [open pdf - 3MB]

This is the February 14, 2013 hearing, "The Effects of Rising Energy Costs on American Families and Employers" before the U.S. House Committee on Oversight and Government Reform, Subcommittee on Energy Policy, Health Care and Entitlements. From the opening statement of Eugene M. Trisko: "I'm here to present the findings of a study of the impacts of rising energy costs on American families. I've conducted this study periodically since the year 2000 for the American Coalition for Clean Coal Electricity. The latest version is attached to my testimony. The report analyzes consumer energy cost increases since 2001, and examines the pattern of energy expenditures among four income levels. Energy costs for gasoline and residential utilities are summarized in normal dollars by household income category for U.S. households in 2001, 2005, and 2013, using data from EIA [Energy Information Administration], CBO [Congressional Budget Office] and the U.S. Bureau of the Census. Energy expenditures as a percentage of normal after-tax income are estimated for the effects of Federal and State income taxes and Federal Social Security and Medicare insurance payments. The report's findings in sum are: Lower-income families are more vulnerable to energy costs than higher-income families, because energy represents a larger portion of their household budgets. Energy is consuming one-fifth or more of the household incomes of lower- and middle-income families, reducing the amount of income that can be spent on food, housing, health care, and other necessities." Statements, letters, and materials submitted for the record include those of the following: George E. Hand, Paula M. Camody, Eugene M. Trisko, Daniel J. Weiss, and Daniel Simmons.

Report Number:
Serial No. 113-8
Publisher:
Date:
2013
Copyright:
Public Domain
Retrieved From:
Government Printing Office: http://www.gpo.gov/
Format:
pdf
Media Type:
application/pdf
URL:
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