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NBCC/CRA study estimates Waxman-Markey would reduce employment by 2.3 million jobs in 2015

The National Black Chamber of Commerce (NBCC) today released a study by Charles River Associates (CRA) on the economic impacts of H.R. 2454, the American Clean Energy and Security Act of 2009 (ACESA), the regulatory climate bill sponsored by Rep. Henry Waxman (D-CA) and Ed Markey (D-MA).

The results aren’t pretty, and they generally get worse over time as the Act’s emission caps tighten. Relative to baseline levels, ACESA would:

Reduce employment by 2.3 million jobs in 2015, 2.7 million jobs in 2020, 2.5 million jobs…

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