New U.S. Chamber analysis quantifies energy rate savings and economic growth from Tax Cuts and Jobs Act


By Global Energy Institute
August 2018

WASHINGTON, D.C. – A new analysis released by the U.S. Chamber of Commerce Global Energy Institute (GEI) found that electricity customers across the United States will save billions as a result of the recently enacted “Tax Cuts and Jobs Act of 2017,” while the broader economy will create tens of thousands of jobs and see billions more in economic activity.

“Our new analysis shows that the Tax Cuts and Jobs Act of 2017 is reducing energy costs for both residential customers and industrial users,” said Karen Harbert, president and CEO of the U.S. Chamber’s Global Energy Institute. “Utilities that have seen relief from their tax bills are passing those savings onto their customers, which ultimately saves consumers money. This savings is resulting in increased economic productivity and more jobs around the country.

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