Cost of Cap and Trade Bill by Congressional District
The Heritage Foundation has come out with a new state by state analysis of the cost of the Waxman-Markey cap and trade global warming tax bill which will be voted on in the House tomorrow.
Here’s an overall look at the big-picture impact to our country:
An analysis of the Waxman-Markey bill (as reported out of the House Committee on Energy and Commerce) by The Heritage Foundation found that unemployment will increase by nearly 2 million in 2012, the first year of the program, and reach nearly 2.5 million in 2035, the last year of the analysis. Total GDP loss by 2035 would be $9.4 trillion. The national debt would balloon as the economy slowed, saddling a family of four with $114,915 of additional national debt. Families would also suffer, as the bill would slap the equivalent of a $4,609 tax on a family of four by 2035
That’s a heck of a price tag just to cut temperatures 9/100ths of a degree in the next 40 years!
But the report also has a breakdown by congressional district.
Here in South Dakota, we only have one district, served by Rep. Stephanie Herseth Sandlin.
GSP Lossin 2012(in Millions)GSP Loss in 2012 (in Millions)=–$389.98
Average GSP Loss,2012–2035 (in Millions)=–$776.42
Personal Income Loss in 2012 (in Millions)=–$508.49
Average Personal Income Loss, 2012 –2035 (in Millions)=$294.50
Non-Farm Job Loss in 2012=–4,489
Average Non-Farm Job Loss, 2012–2035=–2,718
Are you willing to take this kind of economic damage and pay this kind of personal cost, just to indulge global warming fantasies–indulging a problem that doesn’t even exist?
Note: Reader comments are reviewed before publishing, and only salient comments that add to the topic will be published. Profanity is absolutely not allowed and will be summarily deleted. Spam, copied statements and other material not comprised of the reader’s own opinion will also be deleted.



