by David Kreutzer, Ph.D.
On June 26, the House of Representatives narrowly passed climate change legislation designed by Henry Waxman (D-CA) and Edward Markey (D-MA). The 1,427-page bill would restrict greenhouse gas emissions from industry, mainly carbon dioxide from the combustion of coal, oil, and natural gas.
If passed by the Senate, the bill would burden families with thousands of dollars per year in direct and indirect energy costs. Additional thousands of dollars of income would be lost, and the national debt would jump by tens of thousands of dollars per family. Job losses due to Waxman-Markey's energy restrictions would be in the millions.
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