House Energy and Commerce Chairman Henry Waxman and House Agriculture Chairman Collin Peterson remain in disagreement over the details of the cap and trade provisions of proposed climate change legislation, with Peterson insisting he will not vote for the measure unless USEPA gives up its plan to use Brazilian rain forest deforestation impacts in calculating the carbon footprint of American corn based ethanol as an alternative fuel.
Meanwhile, a CBO stand alone scoring of the cap and trade provisions of the climate change proposals predicts an average increase in energy bills for American households of $175 annually, with the poorest households seeing a reduction of $40, middle class folks getting bigger bills ranging from $235 up to $340 more than their current costs, and the richest of all among us [who presumably are already heating and cooling their mansions at great expense] an increase of $245 annually. Now we know the cost of energy independence and environmental responsibility.
Meanwhile, a CBO stand alone scoring of the cap and trade provisions of the climate change proposals predicts an average increase in energy bills for American households of $175 annually, with the poorest households seeing a reduction of $40, middle class folks getting bigger bills ranging from $235 up to $340 more than their current costs, and the richest of all among us [who presumably are already heating and cooling their mansions at great expense] an increase of $245 annually. Now we know the cost of energy independence and environmental responsibility.
