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Letter to the Honorable Dave Camp: The Estimated Costs to Households from the Cap-and-Trade Provisions of H.R. 2454 [i] (June 2009)

handle is hein.congrec/cbo8872 and id is 1 raw text is: CONGRESSIONAL BUDGET OFFICE Douglas W. Elmendorf, Director U.S. Congress Washington, DC 20515 June 19, 2009 Honorable Dave Camp Ranking Member Committee on Ways and Means U.S. House of Representatives Washington, DC 20515 Dear Congressman: At the request of your staff, the Congressional Budget Office (CBO) has analyzed the potential effects on households of the cap-and-trade program that would be implemented pursuant to H.R. 2454, the American Clean Energy and Security Act of 2009, as reported by the House Committee on Energy and Commerce on May 21. The attached report summarizes the results of that analysis, indicating both the net overall cost per household nationwide and the net costs or benefits that would be realized by households in various income quintiles. CBO has estimated those amounts for the bill as it would be implemented in 2020 (but shown in 2010 dollars). This analysis does not address other provisions of the bill, nor does it encompass the potential benefits associated with any changes in the climate that would be avoided as a result of the legislation. I hope this information is helpful to you. The CBO staff contacts are Frank Sammartino and Terry Dinan. Sincerely, Douglas W. Elmendorf Attachment cc: Honorable Charles B. Rangel Chairman Honorable Henry A. Waxman Chairman Committee on Energy and Commerce Honorable Joe Barton Ranking Member www.cbo.gov

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