August 28, 2009
By Nicolas Loris and Ben Lieberman
The Waxman-Markey energy bill, which would restrict greenhouse
gas emissions by creating a cap-and-trade system, was passed by the
House in June and will likely be considered by the Senate soon.
If this bill becomes law, gasoline prices would increase
significantly in order to meet emissions limits imposed by the
legislation. To see specific estimates, hover your mouse over each
For further information, see the following key research
the Waxman-Markey Climate Change Legislation on the States
Congress and the President Are Doing to Bring Back Sky-High Gas
The Waxman-Markey energy bill, which would restrict greenhouse gasemissions by creating a cap-and-trade system, was passed by theHouse in June and will likely be considered by the Senate soon.
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