Congressional Budget Office
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CBO: Waxman-Markey pollution cuts cost little
This piece was co-written with Andrew Jakabovics, Associate Director for Housing and Economics at the Center for American Progress. Opponents of the American Clean Energy and Security Act, H.R. 2454, are acting like out-of-control auctioneers. They’re trying to defeat the bill by raising cost estimates for the bill’s clean-energy and global warming pollution reduction programs. […]
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The Radioactivity of the Breakthrough Institute: lies, misstatements, and critically flawed analyses
Once again, The Breakthrough Institute (TBI) and its founders Michael Shellenberger and Ted Nordhaus are lying about President Obama and publishing very bad analyses designed to push their anti-climate-action, anti-environmental agenda. Their statements and analyses should be seen as a radioactive by any serious journalist or policy analyst protective of his or her professional reputation […]
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CBO: Household costs under Waxman-Markey likely much lower than report reflects
Last Friday, the Congressional Budget Office answered some questions from Sen. John Kerry about its much-discussed report (PDF) on the costs of cap-and-trade. You’ll recall the report’s principle conclusion: a cap-and-trade program would reduce the deficit over the next decade. Despite that positive outcome, the report contained some scary numbers, like the fact that the […]
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What does the CBO report on Waxman-Markey actually tell us? (Not much).
The Congressional Budget Office recently issued its report on the Waxman-Markey bill. The Washington Times soon trumpeted: “CBO puts hefty price tag on emissions plan: Obama’s cap-and-trade system seen costing $846 billion.” This is quite misleading. Actually, the CBO report tells us virtually nothing about the economic costs of the bill or how much consumers […]
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McCain wants a climate policy that benefits the rich
I see John McCain is upset by the fact that Obama wants to auction 100% of cap-and-trade permits. He wants the vast bulk of the permits to be given away to businesses. There are lots of complicated, obscure issues around carbon policy, but this is not one of them. Let’s be very very clear about […]