CBO Reveals The True Costs Of Cap And Trade

Courtesy Donklephant  Tue, 06/23/2009 - 11:09pm

Congressional Republicans have been telling voters that the cap and trade energy policy that’s set for a vote on Friday will cost each household about $3,100.

CBO puts the lie to those numbers and shows that they’re nearly 20 times the actual costs…in 2020.

From Reuters :

WASHINGTON (Reuters) - Climate change legislation pending in Congress would cost U.S. households only about $175 annually in higher energy and consumer prices, far less than...



 

More related items

The Realities Of Passing Health Care & The Risks Of Not
Time and time again during this grand debate, I’ve said that compromise was not only appropriate, but also absolutely necessary if we wanted anything passed. Yes, this legislation is...

CBO Gives Dems A $132B Christmas Present
Christmas is coming early this year for the Dems. With the news that Ben Nelson is falling in line so Dems can avoid a filibuster, the passage of this health care bill has become much more...

CBO: 600K+ Jobs Created Or Saved By Stimulus So Far
Some welcome news for the White House, and the numbers could be even higher. First, from the Wall Street Journal: The Congressional Budget Office late Monday said it estimates that the...

CBO: Baucus Health Care Bill Slashes Deficit By $81B Over Next...
Not only that it’s fully paid for. That’s the latest report from the CBO and it’s encouraging to say the very least. Here’s more from The Hill: The Congressional...

Budget Deficit Projections Raised To $9 Trillion Over Next...
Per Politico, the White House claims that “more than half of the projected deficits over the next 10 years are directly attributable to the previous Administration’s failure to...


 

Post new comment

The content of this field is kept private and will not be shown publicly.