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"The Economic Consequences of Waxman-Markey"
kris_tea
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8-11-2009 8:31 PM
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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/ef38c5c0-1860-4e03-8bd4-998b80e71136/19BF08CE-D20C-4F58-9F1C-92408A8E4693/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.heritage.org/Research/EnergyandEnvironment/cda0904.cfm" href="http://www.heritage.org/Research/EnergyandEnvironment/cda0904.cfm" style="font-size: 11px;">www.heritage.org</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.heritage.org/Research/EnergyandEnvironment/cda0904.cfm"><DIV class="researchpapertitle">The Economic Consequences of Waxman-Markey: An Analysis of the American Clean Energy and Security Act of 2009</DIV></blockquote><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content8.clipmarks.com/images/clip-icon.gif" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.heritage.org/research/energyandenvironment/images/CDA-waxman-markey-chart-energy.gif" href="http://www.heritage.org/research/energyandenvironment/images/CDA-waxman-markey-chart-energy.gif" style="font-size: 11px;">www.heritage.org</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.heritage.org/research/energyandenvironment/images/CDA-waxman-markey-chart-energy.gif"><div align="center"><img src="http://content9.clipmarks.com/blog_cache/www.heritage.org/img/FFA758AD-D214-4FE5-8BF9-C3DF5967E1E7" alt="http://www.heritage.org/research/energyandenvironment/images/CDA-waxman-markey-chart-energy.gif" /></div></blockquote><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content6.clipmarks.com/images/clip-icon.gif" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.heritage.org/Research/EnergyandEnvironment/cda0904.cfm" href="http://www.heritage.org/Research/EnergyandEnvironment/cda0904.cfm" style="font-size: 11px;">www.heritage.org</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.heritage.org/Research/EnergyandEnvironment/cda0904.cfm"><P>In particular, the Heritage analysis projects that by 2035:</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.heritage.org/Research/EnergyandEnvironment/cda0904.cfm"><li style="margin-left:16px;padding-left: 0px;">Gasoline prices will rise 58 percent (or $1.38) above the baseline forecast, which already contains price increases;</LI></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.heritage.org/Research/EnergyandEnvironment/cda0904.cfm"><li style="margin-left:16px;padding-left: 0px;">Natural gas prices will rise 55 percent;</LI></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.heritage.org/Research/EnergyandEnvironment/cda0904.cfm"><li style="margin-left:16px;padding-left: 0px;">Heating oil prices will rise 56 percent;</LI></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.heritage.org/Research/EnergyandEnvironment/cda0904.cfm"><li style="margin-left:16px;padding-left: 0px;">Electricity prices will rise 90 percent;</LI></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.heritage.org/Research/EnergyandEnvironment/cda0904.cfm"><li style="margin-left:16px;padding-left: 0px;">A family of four can expect to pay $1,241 more for energy costs per year;</LI></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.heritage.org/Research/EnergyandEnvironment/cda0904.cfm"><li style="margin-left:16px;padding-left: 0px;">Including taxes, a family of four will pay $4,609 more per year;</LI></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.heritage.org/Research/EnergyandEnvironment/cda0904.cfm"><li style="margin-left:16px;padding-left: 0px;">A family of four will reduce its consumption of goods and services by up to $3,000 per year, as its income and savings fall<B>;</B></LI></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.heritage.org/Research/EnergyandEnvironment/cda0904.cfm"><li style="margin-left:16px;padding-left: 0px;">Aggregate GDP losses will be $9.4 trillion;</LI></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.heritage.org/Research/EnergyandEnvironment/cda0904.cfm"><li style="margin-left:16px;padding-left: 0px;">Job losses will be nearly 2.5 million; and</LI></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.heritage.org/Research/EnergyandEnvironment/cda0904.cfm"><li style="margin-left:16px;padding-left: 0px;">The national debt will rise an additional $12,803 per person.</LI></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.heritage.org/Research/EnergyandEnvironment/cda0904.cfm">All of these costs will be paid for no more than a 0.2 degree (Celsius) moderation in world temperature increases by 2100, and no more than a 0.05 degree reduction by 2050.</blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;"> </td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/19BF08CE-D20C-4F58-9F1C-92408A8E4693/blog/" title="blog or email this clip"><img src="http://content7.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>
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