Cap and Trade's Pleasing Monetary Benefits

by Benjamin Domenech on 3:36 am July 1, 2009

Waxman-Markey fails: “The number one thing you should know about this bill is that the allowances are worth big money: almost $1 trillion over the next decade… [but] the House bill would give away most of the allowances for free. And it spends virtually all the revenue that comes from allowance auctions.” Hooray for efficiency.

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