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June 27, 2009

CBO: Waxman-Markey Climate Bill to Cost Just $175 per Household

Posted by : admin
Filed under : Enviornment News

dollar bill

With Speaker Nancy Pelosi likely bringing climate change legislation to the House for a floor vote later this week, a newly-released report by the Congressional Budget Office found that the per-household cost of The American Clean Energy and Security Act was far lower than previously estimated costs.

According to the report, released late Friday afternoon, the annual cost of the Waxman-Markey climate change bill would be an estimated $175 per American household. In addition to the project low cost of Waxman-Markey, the CBO report also suggests the bill would achieve emissions reductions of approximately 17% below 1990 levels by 2020.

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