Cross-posted from Wonk Room. A new economic study reveals that concerns a cap on global warming pollution could hurt American agriculture are unfounded. As the Waxman-Markey green economy legislation (H.R. 2454) moves toward passage in the House of Representatives, the farm lobby and rural officials have questioned the bill’s costs to farmers. Last week, Rep. Frank Lucas (R-OK), the ranking member of the House Committee on Agriculture, cried that farmers are “a prime target for a national energy tax“: From higher energy costs to lost jobs to higher food prices, cap-and-trade promises to cap our incomes, our livelihoods, and our …
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