ON-Lion Letter
"Depending on how the system is structured," a proposed U.S. "cap and trade" system to cut greenhouse-gas emissions "could reduce U.S. employment by 965,000 jobs, household earnings by $37.8 billion, and economic output by $136 billion per year or roughly $1,145 per household," a March study from the Tax Foundation in Washington, D.C., finds.

"Lawmakers weighing the costs and benefits of climate policy should be aware that cap and trade would impose a significant and regressive annual burden on U.S. households, and would not represent a 'tax free' way to reduce greenhouse gas emissions," according to Andrew Chamberlain's "Who Pays for Climate Policy?:  New Estimates of the Household Burden and Economic Impact of a U.S. Cap-and-Trade System."

Chamberlain is an adjunct scholar at the Tax Foundation, projects of which are supported by The Lynde and Harry Bradley Foundation in Milwaukee.
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