. . timeline or the effects of this scheme, not just on increased costs for families but on businesses and job losses.

These internal memos confirm what the Heritage Foundation, the Brookings Institution and the National Black Chamber of Commerce (NBCC) all agree on — that cap-and-trade will produce “significant losses in employment and gross domestic product.”

According to Heritage:

“The Heritage Foundation’s Center for Data Analysis found that, for the average year over the 2012-2035 timeline, job loss will be 1.1 million greater than the baseline assumptions. By 2035, there is a projected 2.5 million fewer jobs than without a cap-and-trade bill. The average GDP lost is $393 billi...

. . timeline or the effects of this scheme, not just on increased costs for families but on businesses and job losses.

These internal memos confirm what the Heritage Foundation, the Brookings Institution and the National Black Chamber of Commerce (NBCC) all agree on — that cap-and-trade will produce “significant losses in employment and gross domestic product.”

According to Heritage:

“The Heritage Foundation’s Center for Data Analysis found that, for the average year over the 2012-2035 timeline, job loss will be 1.1 million greater than the baseline assumptions. By 2035, there is a projected 2.5 million fewer jobs than without a cap-and-trade bill. The average GDP lost is $393 billion, hitting a high of $662 billion in 2035. From 2012 to 2035, the accumulated GDP lost is $9.4 trillion (in 2009 dollars). The average of the climate tax revenue–what the government gets to spend or give away–is $236 billion from 2012 through 2035 and adds up to $5.7 trillion in tax collections.”


“In particular, the Heritage analysis projects that by 2035 the economic impacts (in constant 2009 dollars) of this bill are:


* Gasoline prices will rise 58 percent (or $1.38);

* Natural gas prices will rise 55 percent;

* Heating oil prices will rise 56 percent;

* Electricity prices will rise 90 percent;

* A family of four can expect its per-year energy costs to rise by $1,241;

* Including taxes, a family of four will pay an additional $4,609 per year;

* 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;

* Aggregate GDP losses will be $9.4 trillion;

* Aggregate cap-and-trade energy taxes will be $5.7 trillion;

* Job losses will be nearly 2.5 million; and

* The national debt will rise an additional $12,803 per person ($51,212 per family of four).

The income losses, the job losses, the tax increases, and the mounting debt all get worse over the coming decades. The Waxman-Markey bill forces a bad deal on a generation that does not have the option to turn it down.

The $9.4 trillion of lost income, the 2.5 million lost jobs, the $5.0 trillion of additional national debt, and the $5.7 trillion in new taxes will buy 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.”


Christopher Horner, the CEI scholar who requested the documents put it best, “They’re not telling you the cost — they’re not telling you the benefit, what are they telling you? They’re ...

The income losses, the job losses, the tax increases, and the mounting debt all get worse over the coming decades. The Waxman-Markey bill forces a bad deal on a generation that does not have the option to turn it down.

The $9.4 trillion of lost income, the 2.5 million lost jobs, the $5.0 trillion of additional national debt, and the $5.7 trillion in new taxes will buy 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.”


Christopher Horner, the CEI scholar who requested the documents put it best, “They’re not telling you the cost — they’re not telling you the benefit, what are they telling you? They’re just talking about global salvation.”

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