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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 state below:
For further information, see the following key research papers:
Impact of the Waxman-Markey Climate Change Legislation on the States
Five Things Congress and the President Are Doing to Bring Back Sky-High Gas Prices
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.
Energy & Environment Initiative of the Leadership for America Campaign
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