Nick Loris of the Heritage Foundation: Economic Consequences of Cap and Trade

September 02, 2009

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."

View the Tax Foundation's cap-and-trade calculator and video. More on cap and trade.

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