Cap-and-Trade: All Cost, No Benefit

This is an opinion item.

Author(s)	Martin Feldstein
Source	The Washington Post
Date	June 1, 2009
URL	http://www.washingtonpost.com/wp-dyn/content/article/2009/05/31/AR2009053102077.html
Quote	"Americans should ask themselves whether this annual tax of $1,600-plus per family is justified by the very small resulting decline in global CO2. Since the U.S. share of global CO2 production is now less than 25 percent (and is projected to decline as China and other developing nations grow), a 15 percent fall in U.S. CO2 output would lower global CO2 output by less than 4 percent. Its impact on global warming would be virtually unnoticeable."

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This item argues against the position Act should be passed on the topic American Clean Energy and Security Act.