The Waxman-Markey Climate Control Could Result in Higher Energy and Food Costs for Americans

In The Voice of Agriculture, November 2009

Under the cap-and-trade legislation in the House and Senate, American families will pay higher energy costs. According to the Department of Energy, energy costs could grow by $1,870 per household.

Combined with higher costs for food, the additional yearly hit on families would total about $2,300 per household.  As much as 17 percent of U.S. agricultural land currently used for food production will be idled…resulting in food costs rising by up to an average of $33 billion annually in 2020