Comment

Overnight Open Thread

205
iceweasel6/30/2009 4:40:55 am PDT

re: #191 TheMatrix31

Meaning whatever your “total annual cost” is how much more we’re going to be spending per year?

The Congressional Budget Office says the bill’s net impact on households in 2020 would be between a benefit of $40 per year and a cost of $340 per year, and “the net annual economywide cost of the cap-and-trade program in 2020 would be $22 billion — or about $175 per household.”

According to the CBO: “That net impact would reflect both the added costs that households experienced because of higher prices and the share of the allowance value that they received in the form of benefit payments, rebates, tax decreases or credits, wages, and returns on their investments.”