Just so you know what you have to look forward to when Rudd’s ETS becomes law. It looks like the US agencies have been “economical with the truth” about the cost of the US climate bill to households. Why would that be? Maybe because if they were honest about it, it wouldn’t have a chance of being passed [Sounds like the ETS – Ed]:
Documents (link to PDF) obtained from the U.S. Treasury under the Freedom of Information Act by the free-market Competitive Enterprise Institute were released on Tuesday.
The U.S. Treasury Department admits that a “cap and trade” system for regulating greenhouse gas emissions could cost every household $1,761 a year. According to the CBS News story, “the equivalent of hiking personal income taxes by about 15 percent”.
This comes in way over claims that the EIA says:
The Climate Bill Will Cost You Just 23¢ a Day, EIA Analysis Shows. This works out to $83.95 per year. Big difference.
Big difference? That’s a humongous difference. I wonder how big the gap between Rudd’s spin and reality is here in Australia? Hopefully, if the ETS sinks, we will never have to find out.
Read it here.

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