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CBO Grossly Underestimates Cost of Cap and Trade

By David Kreutzer, Karen Campbell, and Nicolas Loris - June 26, 2009

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Last week, the Congressional Budget Office (CBO) released their analysis of the Waxman-Markey climate change bill that had proponents of the bill claiming Americans could save the planet for just $175 per household. That was the figure CBO estimated cap and trade would cost households in 2020 alone.[1] Both the CBO's analysis and the subsequent legislation are troubled: The analysis grossly...

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David Kreutzer, Karen Campbell, and Nicolas Loris

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