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Blog

    CBO: Cap and Trade Bad for the Economy

    10/15/2009

    The CBO has determined that Waxman-Markey would slow the economy and created "significant" job losses over the coming years as the WaPo reports.

    "The shifts will be significant," the CBO director said. "We want to leave no misunderstanding that aggregate performance -- the fact that jobs turn up somewhere else for some people -- does not mean that there are not substantial costs borne by people, communities, firms in affected industries and affected areas. You saw that in manufacturing, and we would see that in response to changes that this legislation would produce."

    For more reasons this is a bad idea, if you still need convincing, mosey over to our Top 10 Reasons to Oppose Cap and Trade.  And then, take action.