How 'cap and trade' would affect your energy bill
- Pete Chagnon - OneNewsNow.com
- Sep 9, 2009
The Heritage Foundation is making available a state-by-state analysis of climate legislation impact.
Opponents have long argued that enacting the Waxman-Markey energy bill could cost Americans thousands of dollars per year in the form of higher energy costs. Under the bill, Congress would establish a system to cap and then trade carbon emissions from energy companies and businesses. Sometimes referred to as "carbon cap-and-tax," opponents claim that the so-called carbon tax levied on businesses under the bill will be passed off to consumers.
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