The Congressional Budget Office (CBO) forecasts that current climate change legislation in the Senate will increase spending by $833 billion.<\/p>\n
According to the budget office, not only would Cap-and-Trade legislation effectively tax and regulate all carbon emissions in the country, but it would also add $854 billion to federal coffers.<\/p>\n
The cost estimate concluded, \u201cCBO estimates that the annual cost of [cap-and-trade] would amount to tens of billions of dollars for private-sector entities<\/strong> and hundreds of millions of dollars for public entities\u2026 Public and private entities would also be required to report information on greenhouse gases to a federal registry.\u201d<\/p>\n In short, the bill is an unmitigated disaster and must be defeated.<\/p>\n Click here<\/span><\/a> for the CBO study.\u00a0 More of CFIF on climate change here<\/span><\/a> and here<\/span><\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":" The Congressional Budget Office (CBO) forecasts that current climate change legislation in the Senate will increase spending by $833 billion. According to the budget office, not only would Cap-and-Trade legislation effectively tax and regulate all carbon emissions in the country, but it would also add $854 billion to federal coffers. The cost estimate concluded, \u201cCBO […]<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[25,440,26,40],"class_list":["post-2727","post","type-post","status-publish","format-standard","hentry","category-posts","tag-cap-and-trade","tag-cbo","tag-climate-change","tag-congressional-budget-office"],"_links":{"self":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts\/2727","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/comments?post=2727"}],"version-history":[{"count":4,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts\/2727\/revisions"}],"predecessor-version":[{"id":2735,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts\/2727\/revisions\/2735"}],"wp:attachment":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/media?parent=2727"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/categories?post=2727"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/tags?post=2727"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}