- reduce national GDP roughly $350 billon below the baseline level;
- cut net employment by 2.5 million jobs (even after accounting for new “green” jobs); and
- reduce earnings for the average U.S. worker by $390 per year.
NBCC Study Finds Waxman-Markey Reduces GDP by $350 Billion: New study finds Waxman-Markey could cost 2.5 million U.S. jobs by 2030 and reduce earnings
Thursday, May 21, 2009
WASINGTION — Today, in anticipation of Friday’s House Energy and Commerce Committee vote on the Waxman-Markey legislation, the National Black Chamber of Commerce (NBCC) released a new study that determines the potential economic impacts of the federal cap-and-trade system outlined in the bill. Compiled by CRA International, the analysis determines that by 2030 the law would:
Comments
No response to “NBCC Study Finds Waxman-Markey Reduces GDP by $350 Billion: New study finds Waxman-Markey could cost 2.5 million U.S. jobs by 2030 and reduce earnings”
Post Comments (Atom)
Post a Comment |
Post a Comment