Obama Administration Estimates Annual Cap and Trade Costs at $200 Billion

A newly uncovered analysis says the Obama administration has privately concluded that a cap and trade system would cost American taxpayers up to $200 billion a year - the equivalent of hiking personal income taxes by about 15 percent.

This previously unreleased analysis by the Treasury Department says that the cost per American household could be an extra $1,761 a year, though House Republican Leader...

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