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Comprehensive Staff Analysis of the Economic Impact of the Waxman/Markey Cap-and-Trade Legislation

House Committee on Oversight and Government Reform
Abstract
The House Committee on Oversight and Government Reform investigated proposed "cap-and-trade" legislation which aims to create a de facto tax on energy production with carbon or greenhouse gas emissions. The report states that transitioning from fossil fuels to carbon-free energy sources poses real-world challenges and could disproportionately burden families in states relying on coal, having a manufacturing-based economy, or experiencing extreme climates. The report finds cautious approaches, focusing on proven methods while encouraging improvements, are crucial for an ecologically sustainable energy production strategy.
Date
2009-04-28
Document Type
House Minority Staff Report
Serial Number
Document Length
66 pages
Congress
111
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2009-04-28_R-Economic_Impact_of_the_Waxman-Markey_Cap-and-Trade_Legislation-111C.pdf
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URI
https://hdl.handle.net/20.500.14300/1112
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DOI
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Staff Reports
PAP Major Code
7: Environment
PAP Minor Code
705: Air Pollution, Climate Change, and Noise Pollution
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Press Releases and Contextual Information
https://web.archive.org/web/20110105215143/http://oversight.house.gov/index.php?option=com_content&view=article&id=55:report-cap-and-trade-energy-tax-will-cause-redistribution-of-wealth-among-states-and-working-families&catid=21
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