WhatFinger

Writing off Billions of Dollars in Lost Future Economic Growth as "Modest"

CBO Testimony Misleads on Cost of Cap and Trade


Only in Washington D.C. would a program that costs hundreds of billions of dollars and perhaps over one trillion dollars, be called "comparatively modest." But that's what Congressional Budget Office (CBO) director Douglas Elmendorf said about the costs of cap-and-trade in his recent testifimony [.pdf] before the Senate Committee on Energy and Natural Resources.
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