Free Republic

The Obama administration itself estimates that cap and trade will involve increased costs from 2012 to 2019 alone of $645 billion, and admits in its own budget that the actual costs could be much higher than that, depending on permit prices over those years. Indeed, other estimates put the costs three times higher. So the increased burden on each Ameri can over this period alone would be $2,100 to $6,300. For a family with two children, that would be $8,400 to $25,200, with much more to come after 2019. These increased costs are effectively a new tax on the American...