Schumer: Republican bill will raise energy prices 10 percent

Senate Democratic Leader Chuck Schumer (N.Y.) is warning that the House-passed budget reconciliation bill will cause energy prices to increase by 10 percent because it will “kill” clean energy programs around the country, increasing the nation’s reliance on fossil fuels.

“Donald Trump and Republicans seem ready to kill clean energy in its tracks and raise people’s energy costs in the process,” Schumer said Wednesday on the Senate floor.

He argued that the nation will likely need “ten times as much energy” as it currently consumers to power “breakthroughs in artificial intelligence.”

“The Republican plan will increase average national electricity prices by about 10 percent. The Republican plan will increase total household energy costs by $32 billion," the New York Democrat continued. "T