Massachusetts will be hit as follows by this socialist pap;
For the state of Massachusetts, over
the 2012–2035 timeframe, on average
the Waxman–Markey bill would:
Lower gross state product by $8,043 million
Reduce personal income by $3,207 million
Destroy 21,810 jobs
Raise electricity prices by $556.25 per household
Raise gasoline prices by $0.66 per gallon
Source: Heritage Foundation calculations based on the IHS/Global
Insight U.S. Macroeconomic and Energy models.
August 19, 2009
Impact of the Waxman–Markey Climate Change Legislation on the States
by David Kreutzer, Ph.D., Karen Campbell, Ph.D., William W. Beach, Ben Lieberman and Nicolas Loris
On June 26, the House of Representatives narrowly passed climate change legislation designed by Henry Waxman (D-CA) and Edward Markey (D-MA). The 1,427-page bill would restrict greenhouse gas emissions from industry, mainly carbon dioxide from the combustion of coal, oil, and natural gas.
If passed by the Senate, the bill would burden families with thousands of dollars per year in direct and indirect energy costs. According to a new study produced by Heritage's Center for Data Analysis (CDA), forecasts severe consequences—including crushing energy costs, millions of jobs lost and falling household income—if Congress enacts the so-called Waxman-Markey bill.
Full article
For the state of Massachusetts, over
the 2012–2035 timeframe, on average
the Waxman–Markey bill would:
Lower gross state product by $8,043 million
Reduce personal income by $3,207 million
Destroy 21,810 jobs
Raise electricity prices by $556.25 per household
Raise gasoline prices by $0.66 per gallon
Source: Heritage Foundation calculations based on the IHS/Global
Insight U.S. Macroeconomic and Energy models.
August 19, 2009
Impact of the Waxman–Markey Climate Change Legislation on the States
by David Kreutzer, Ph.D., Karen Campbell, Ph.D., William W. Beach, Ben Lieberman and Nicolas Loris
On June 26, the House of Representatives narrowly passed climate change legislation designed by Henry Waxman (D-CA) and Edward Markey (D-MA). The 1,427-page bill would restrict greenhouse gas emissions from industry, mainly carbon dioxide from the combustion of coal, oil, and natural gas.
If passed by the Senate, the bill would burden families with thousands of dollars per year in direct and indirect energy costs. According to a new study produced by Heritage's Center for Data Analysis (CDA), forecasts severe consequences—including crushing energy costs, millions of jobs lost and falling household income—if Congress enacts the so-called Waxman-Markey bill.
Full article
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