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Politics : Formerly About Advanced Micro Devices
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To: Brumar89 who wrote (543624)1/13/2010 5:28:02 PM
From: TimF  Read Replies (1) of 1577191
 
Hopefully, but who knows.

Something else from the Obama administration (that they aren't drawing attention to the administration's study came out in or before September but I hadn't heard about it until now) -

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Obama Admin: Cap And Trade Could Cost Families $1,761 A Year
Posted by Declan McCullagh
September 15, 2009 9:03 PM

The Obama administration has privately concluded that a cap and trade law would cost American taxpayers up to $200 billion a year, the equivalent of hiking personal income taxes by about 15 percent.

A previously unreleased analysis prepared by the U.S. Department of Treasury says the total in new taxes would be between $100 billion to $200 billion a year. At the upper end of the administration's estimate, the cost per American household would be an extra $1,761 a year.

A second memorandum, which was prepared for Obama's transition team after the November election, says this about climate change policies: "Economic costs will likely be on the order of 1 percent of GDP, making them equal in scale to all existing environmental regulation."

The documents (PDF) were obtained under the Freedom of Information Act by the free-market Competitive Enterprise Institute and released on Tuesday...

cbsnews.com
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