The Congressional Budget Office has released some very interesting numbers (PDF) on the cost to households of Waxman-Markey. Very interesting, indeed:
On that basis, the Congressional Budget Office (CBO) estimates that the net annual economywide cost of the cap-and-trade program in 2020 would be $22 billionâ€”or about $175 per household. That figure includes the cost of restructuring the production and use of energy and of payments made to foreign entities under the program, but it does not include the economic benefits and other benefits of the reduction in GHG emissions and the associated slowing of climate change. CBO could not determine the incidence of certain pieces (including both costs and benefits) that represent, on net, about 8 percent of the total. For the remaining portion of the net cost, households in the lowest income quintile would see an average net benefit of about $40 in 2020, while households in the highest income quintile would see a net cost of $245.
Emphasis mine. So, how long do you think GOP legislators will continue to use the bogus $1,600 cost per household per year figure they’ve been touting? I’m putting my money on “indefinitely.”