Heritage Foundation Leadership for America

The Economic Impact of the Waxman-Markey Cap-and-Trade Bill

It is clear that cap and trade is very expensive and amounts to nothing more than an energy tax in disguise. The bottom line is that cap and trade works by raising the cost of energy high enough so that individuals and businesses are forced to use less of it. Inflicting economic pain is what this is all about.

Waxman-Markey Global Warming Bill: Economic Impact by Congressional District

It has become quite clear over the past several months that placing a cap on carbon emission will have major implications for the American economy and families.

The High Cost of Cap and Trade: Why the EPA and CBO Are Wrong

Proponents of cap and trade point to the low cost estimates by the EPA and CBO as a reason to pass Waxman-Markey. However these estimates are built on false premises.

The Waxman--Markey Global Warming Bill: Is the Economic Pain Justified by the Environmental Gain?

My name is Ben Lieberman and I'm the Senior Policy Analyst for Energy and Environment at The Heritage Foundation. I'll be discussing the economics of global warming policy and especially the cost of the Waxman-Markey cap-and-trade bill currently working its way through the House of Representatives. I'll focus on the Heritage Foundation's economic analysis of that bill. But before I do that, I wanted to set out a framework with which to judge Waxman-Markey or any other measure offered up as a solution to the global warming problem--a set of questions that need to be answered before we enact any global warming measures, especially costly ones.

Nuclear Energy Renaissance: Global Supply Chain Critical

With protectionist sentiment on the rise, the DOE should be commended for recognizing the critical role that the global nuclear industrial base must play in reestablishing the U.S. nuclear industry.

Smoke gets in your ice

Many Americans find the debate in Washington over adopting a "cap-and-trade" program to reduce carbon dioxide a bit confusing. That's understandable. Put simply, it's a tax on energy consumption. In fact, it would be a huge tax. If enacted, cap-and-trade would be one of the government's largest revenue sources within the next decade.

A shock at the pump?

They're back. Rising gasoline prices, that is. Millions of Americans hitting the roads over Memorial Day weekend faced prices for regular gas averaging $2.35 per gallon, a full 30 cents higher than at the beginning of the month and nearly 60 cents more than at the start of the year.

A Sure-Fire Economy Killer

Some things, virtually everyone agrees on. We all want a cleaner environment. And we all want a booming economy.

Obama Is Costing You $1,300 Per Vehicle

Memorial Day is here, a time to commemorate Americans who died serving our nation. Maybe Americans should also pause to commemorate the end of free-market capitalism and the beginning of a new form of economics -- Obamanomics.

Cap and Trade vs. the American Dream: The House's bill is an economic disaster that keeps getting worse

The global-warming bill got a chilly reception when it was introduced in the House Energy and Commerce Committee's global-warming subcommittee. It was not only the subcommittee's Republicans but also a number of its Democrats who had serious questions about the proposal to slash greenhouse-gas emissions.

Waxman's Workover

Rep. Henry Waxman (D-Calif.) is the top dealmaker who wants to re-design America's economy -- and possibly destroy it -- under the guise of saving the Earth from global warming. His deals have bought off coal state Dems (represented by Virginia's Rick Boucher) and those representing automakers' states (such as Michigan's John Dingell).