Jack Gerard
Jane Van Ryan
Yesterday, the National Association of Manufacturers (NAM) and the American Council for Capital Formation (ACCF) released a study--Economic Impact of the Waxman-Markey American Clean Energy and Security Act--that again demonstrates the significant costs associated with this House-approved legislation. The Senate will soon take up similar legislation that could have a profound impact on Americans' everyday lives, especially if it resembles this version.
The study found that under a high-cost scenario, the House bill could reduce economic growth by 2.4 percent and cost 2 million jobs by 2030. And though the impact of the bill will grow over time, the economy will start feeling the effects of the carbon cap almost immediately.
For more information, read the full study.
Leave a comment
We welcome your thoughts and opinions on the topics posted by the authors of EnergyTomorrow Blog. We hope you’ll help us make this blog a place of informed and respectful conversation, where visitors can learn about energy issues and discuss ideas that will shape our energy future.
Please note, if this is your first time submitting a comment here, one of our administrators will need to approve it for posting. Until it’s approved, it won’t appear in the comment thread. In the meantime, thank you for waiting! (Read our full comment policy here.)