Common Eco Sense» Making Sense of Eco-Friendly, Sustainable energy and Green Living Economics http://www.commonecosense.com Making Sense of Going Green Tue, 25 May 2010 05:18:34 +0000 http://wordpress.org/?v=2.9.2 en hourly 1 How much will Cap and Trade cost you? http://www.commonecosense.com/2009/07/04/how-much-will-cap-and-trade-cost-you/ http://www.commonecosense.com/2009/07/04/how-much-will-cap-and-trade-cost-you/#comments Sat, 04 Jul 2009 07:10:18 +0000 boss http://www.commonecosense.com/?p=39 If you have been wondering what the new Cap and Trade policy will mean to your bottom line. The Tax Foundation has released a tax calculator to show you the extra cost.

Washington, DC, June 4, 2009 – Americans can now estimate how much a U.S. cap-and-trade system would cost their individual households annually with the Tax Foundation’s new Household Cap-and-Trade Burden Calculator. The calculator can be found at http://www.taxfoundation.org/capandtrade.

The calculator is based upon a study released in March, Tax Foundation Working Paper No. 6, “Who Pays for Climate Policy? New Estimates of the Household Burden and Economic Impact of a U.S. Cap-and-Trade System.” The study shows that a cap-and-trade system designed to reduce greenhouse gas emissions by 15 percent would place an annual burden of $144.8 billion on American households. The average annual household burden would be $1,218, which would be approximately 2% of the average household income.

Read the rest of the article at taxfoundation.org/press/show/24750.html

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