Rep. Forbes Is Wrong About The Cost Of Cap-And-Trade
Rep. Forbes Tweets: "National energy tax will cost the average family $1200/yr. Calls & emails in opposition pouring in. Read my solution: http://tiny.cc/6aPZu" [Twitter, 6/25/09]
Rep. Forbes Is Wrong About The Cost Of Cap-And-Trade
In 2020, Cap-And-Trade Will Only Cost An Average Of $175 Annually - "About A Postage Stamp A Day." In its analysis of the American Clean Energy and Security Act, the Congressional Budget Office wrote: "On that basis, the Congressional Budget Office (CBO) estimates that the net annual economy wide cost of the cap-and-trade program in 2020 would be $22 billion-or about $175 per household." Rep. Edward Markey noted it was "the cost of about a postage stamp a day." [CBO, 6/19/09; House Committee on Energy & Commerce Release, 6/20/09]