The Washington Independent
The Washington Independent

CEI Touts Study of Non-Existent Climate Policy

Last updated: 07/31/2020 08:00 | 09/17/2009 01:57
news
Susan Murillo

Earlier this week, the Competitive Enterprise Institute posted a set of documents (PDF) it obtained via the Freedom of Information Act that it’s touting as evidence that the Obama administration secretly believes that climate change legislation will cost the average American $1,761. Problem is, these hot documents don’t actually reflect any real policy being considered.

The documents are from the Department of the Treasury and reflect the cost of a cap-and-trade plan that would auction off all the carbon credits. This is what Obama talked about on the campaign trail, and it’s the basic outline he included in his first budget proposal earlier this year. The Treasury analysis also does not account for provisions in a cap-and-trade policy that would return all or part of those auction revenues to consumers.

But that’s a far cry from the plan that passed the House in June, and is likely very far from the bill the Senate is expected to take up. The House bill auctions just 15 percent of credits, and invests a significant amount of money generated by the legislation into programs to lower costs for consumers and rebates.

Actual studies of the House bill have found that the costs are much lower. The Energy Information Administration found that the House bill would increase household costs about $83 per year. The Environmental Protection Agency put the cost slightly higher, at between $88 and $140 per household per year, and the Congressional Budget Office estimated about $175 a year by 2020.

Of course, climate bill opponents are pitching quite a fit over the documents, egged on by a report by a CBSNews.com correspondent, claiming them as evidence that the administration is lying publicly about the costs of cap-and-trade. Whether the documents are relevant to actual policy doesn’t seem to matter too much.

Susan Murillo | Susan has been interested in real estate since she was a child in Halifax, Nova Scotia. Susan had always wanted to pursue a direction that would encourage her to support others, and she discovered her true calling in real estate, where she could serve her clients and direct them through one of their most significant investments. Shannon has been involved in the selling and distribution of one billion dollars in real estate in Western Canada over the last ten years.

Related

$1.3 trillion in federal spending unaccounted for, report finds

Despite calls for independent bodies to keep government accountable, the Sunlight Foundation’s most recent Clearspending report has found the federal

$1.89 billion given to states to fight HIV

The federal government Monday announced more than $1.89 billion in funding to states to fight the HIV epidemic with access to care and with more cash for the failing AIDS Drug Assistance Program. According to an HHS press release , $813 million of that money will go directly to the ADAP programming. An additional $8,386,340 will be issued as a supplement to 36 states and territories currently facing a litany of unmet needs and access issues.

1. Brian Schweitzer

As governor of Montana, Schweitzer doesn’t represent one of the most highly populated, high-profile electoral states in the country. But this

$1.3 Million for Brown

The GOP’s candidate in the Massachusetts special election raised more than one million dollars -- double the goal -- in a 24-hour moneybomb on the Ron Paul

1 Brigade and 1 Battalion

ISTANBUL – It’s 10 p.m. in the lowest level of the Istanbul airport. In 20 minutes I’ll be allowed to board my plane to Kabul, bringing me to the

#1 in Conspiracy Theories

Andrew Young’s tell-all biography of John Edwards, hitting shelves next week, is surging in one Amazon.com category in particular. #1 in Conspiracy

1. Lindsey Graham

Sen. Graham (R-S.C.) is typically regarded as a reliable vote for his party, but he took the bold step of breaking with his fellow Republicans to join Kerry

$1 Trillion for Fannie and Freddie?

That is the worst-case scenario, according to Egan-Jones Ratings Co., quoted in a Bloomberg article making the rounds. The agency says that if home prices

$1 Million for Toomey

Pat Toomey, the former Club for Growth president and leading Republican candidate in Pennsylvania’s 2010 Senate race, has announced a $1 million haul in the

Bachmann uncomfortable over earmarks ban

Republicans appear to have boxed themselves into a corner with their portrayal of earmarks as wasteful spending, as many of them have backed a moratorium on

Troubled mine holds hope for U.S. rare earth industry

China currently controls 97 percent of the world’s rare earth production. The Mountain Pass Mine could change that -- if it can overcome serious environmental concerns.

© Copyright 2021 The Washington Independent All Rights Reserved

Terms & Privacy | twi.news@washingtonindependent.com