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Costing Out Cap-and-Trade

Last week, the Congressional Budget Office issued a cost estimate for H.R. 2454, the American Clean Energy and Security Act of 2009. The bill would establish not one, but two “cap-and-trade” programs designed to limit the release of undesirable gasses into the atmosphere.
“Cap-and-trade” is when the government limits (”caps”) the emissions of greenhouse gasses and [...]