EPA’s Economic Analysis of the Boxer-Kerry Cap and Trade Bill

“Second verse same as the first, a little bit louder and a little bit worse.” This is the basic theme of the EPA’s analysis of the shrouded Boxer-Kerry Bill (S. 1733).

Given just 12 days to analyze the Boxer-Kerry climate bill (that others were not allowed to review), the EPA relied on previous analysis and the similarities between Boxer-Kerry and previous climate bills, most notably Waxman-Markey (H.R. 2454). Comparing S. 1733 to H.R. 2454 they conclude (page 28):

While there are some minor differences in the bills in several areas that will likely result in slightly higher costs for S. 1733, these differences are overshadowed by the fundamental similarities in approach, caps, offsets, and other critical design parameters that affect the costs.”   

Preliminary analysis by the Heritage’s Center for Data Analysis comes to the same basic conclusion: Though we disagree on the magnitudes, we agree that the Senate bill is very similar and a little worse than the House version.” – The Foundry

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