WhatFinger

Study confirms Waxman-Markey cap-and-trade redistributes wealth from lower, middle-class income earners to wealthiest, most politically-connected

Main Street Under Cap-and-Trade Attack


WASHINGTON—As Senators Barbara Boxer (D-Calif.) and John Kerry (D-Mass.) are expected to release their version of a cap-and-trade global warming bill this week, the Institute for Energy Research (IER), a non-profit free market energy think tank, today released a new study that demonstrates the ways that cap-and-trade, as outlined in the House-passed Waxman-Markey bill, would benefit the nation’s wealthy and politically favored industries while placing a harmful burden on America’s struggling middle and lower income families.

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