As he did in last year’s budget, President Obama has called for a cap on retirement accounts, even though the personal savings rate in America hovers in the low single digits. Obama has added a provision to encourage...
- Nick Loris of the Heritage Foundation: Economic Consequences of Cap...
Nick Loris of the Heritage Foundation: Economic Consequences of Cap and Trade
With the majority of the debate on Capitol Hill focused on health care, cap and trade has seemingly slipped to the back burner -- for now. The Senate is expected to pick up cap-and-trade legislation this month.
A new analysis from the Heritage Foundation takes a look at the economic impact of the Waxman-Markey cap-and-trade bill that passed the House of Representatives in June. This week's podcast features Nick Loris, a Research Assistant at The Heritage Foundation's Roe Institute for Economic Policy Studies, and a co-author of the paper, titled "The Economic Consequences of Waxman-Markey: An Analysis of the American Clean Energy and Security Act of 2009." According to Loris, if enacted, Waxman-Markey would cause "very much economic pain for very little environmental gain."
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