Thursday, June 25, 2009

What is the bill, for, ah, the bill?

The Congressional Budget Office estimates a $175 average cost per household in 2020 for the the current Climate/Energy bill's cap & trade provisions.

The Estimated Costs to Households From the
Cap-and-Trade Provisions of H.R. 2454
http://energycommerce.house.gov/Press_111/20090620/cbowaxmanmarkey.pdf

The CBO calculations are, as pointed out in the document cost only estimates. It does not address tax revenue from related new business activity, nor the potential savings to tax payers taking some action now, as opposed to later.

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