Freedom Line Blog

No surprise here.  According to CBO chief Doug Elmendorf, “The net effect of that [climate change legislation] we think would likely be some decline in employment….  The fact that jobs turn up somewhere else for some people does not mean there aren’t substantial costs borne by people, communities, firms and affected industries.”

To think that drastically increasing the cost of carbon without any impact to labor in the energy sector is absurd.  Thankfully, the CBO agrees and is finally cautioning Congress against cap-and-trade proposals.  Click here for the full article.