As I’m sure you’ve heard by now, CEI has used the Freedom of Information Act to find out what the administration thought its proposal to introduce cap-and-trade would cost the economy. CBSNews’s Declan McCullagh can fill you in on the details:
A previously unreleased analysis prepared by the U.S. Department of Treasury says the total in new taxes would be between $100 billion to $200 billion a year. At the upper end of the administration’s estimate, the cost per American household would be…
In the wake of the release of the Waxman-Markey energy bill, many commenters have pointed to the drastic restrictions on domestic energy use to address greenhouse gas emissions, while some, like CEI, have pointed to the huge economic costs that would result — costs that would be paid for by consumers and in terms of reduced manufacturing and jobs. Few have noted a further economic consequence — the possible disruption of the world trading system because of the bill’s endorsement of…
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