AMERICAS: US government’s global warming bill: $8B

It will cost nearly US$8 billion over the next decade to pay for the expanded federal bureaucracy needed to combat global warming under a bill passed by the House of Representatives, a report by the non-partisan Congressional Budget Office says. The budget office also found that the House bill would shrink the federal deficit in […]


federal deficit global warming permits pollution


It will cost nearly US$8 billion over the next decade to pay for the expanded federal bureaucracy needed to combat global warming under a bill passed by the House of Representatives, a report by the non-partisan Congressional Budget Office says.

The budget office also found that the House bill would shrink the federal deficit in that 10-year period because it requires businesses to buy permits to emit global-warming pollution. That would add hundreds of billions of dollars to federal coffers.