With the Senate poised to pick up cap-and-trade legislation this month, this week’s Tax Policy Podcast features Nick Loris, a Research Assistant at the Heritage Foundation‘s Roe Institute for Economic Policy Studies, and a co-author of a paper examining the economic impact of the Waxman-Markey cap-and-trade bill that passed the House of Representatives in June. Loris discusses some of the study’s main findings and explains that if enacted, Waxman-Markey would cause “very much economic pain for very little environmental gain.” View the Heritage paper, titled “The Economic Consequences of Waxman-Markey: An Analysis of the American Clean Energy and Security Act of 2009.” Check out the Tax Foundation’s cap-and-trade calculator and video. More on cap and trade. Listen to the podcast here.
