The Economic Impact of Waxman-Markey

Representatives Henry Waxman (D-CA) and Ed Markey (D-MA) proposed yet another global warming bill following the tradition of McCain-Lieberman, Lieberman-Warner, Dingell-Boucher, and others. Though the proposed legislation would have little impact on world temperatures, it is a massive energy tax in disguise that promises job losses, income cuts, and a sharp left turn toward big government.