Alex Jones: InfoWarrior June 26 2009 Pt4
system. Consumers will be affected the most by this these new caps on energy. Douglas Elmendorf, the director of the Commission Budget Office testified before the Committee on Finance in May. He says a cap-and trade system would be devastating to the working poor. According to Elmendorf, the cost to for an average American household would be 00 a year, with low-income households carrying a heavier burden because they spend more of their income on energy than higher-income households. …
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