Cap and trade cost? $175 per household -- in 2020
Critics of cap-and-trade legislation -- which would allow power
companies to buy and sell emissions credits, with the idea of reducing
pollution while raising money -- have said it would cost the average household more than $3,000 a year.
Last week the Congressional Budget Office had a slightly different estimate: $175 per household in 2020. (The full report is attached below.)
The study is important because Republicans and Democrats rely on
CBO estimates. CBO's study suggesting one version of health reform
would cost $1.6 trillion over ten years has forced health negotiators
back to the drawing boards on a health insurance package.
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