CBO Says: Waxman-Markey’s Costs to U.S. Economy May Outweigh Benefits to U.S. Economy

CBO KO: Waxman-Markey hurts the economy more than “doing nothing”

By Institute for Energy Research —— Bio and Archives--September 23, 2009

Global Warming-Energy-Environment | Comments | Back To Full Article

The CBO has issued a new report [.pdf] that summarizes the economic effects of greenhouse-gas legislation, relying on previously published analyses. The report shows just how weak the case for the proposed cap-and-trade plan really is. In fact, the CBO demonstrates that the theoretical benefits of Waxman-Markey to the United States fall far short of its costs.

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