From the Heritage Foundation, Foundry blog, “Waxman-Markey Cap and Trade’s Biggest Losers: Manufacturing“:
[Politicians] want to protect manufacturing jobs, yet they are hastily moving forward with a cap and trade bill that will deal a crushing blow to the U.S. manufacturing sector. The higher energy costs from cap and trade will kill economic activity and jobs. This is particularly true of manufacturing jobs.
Just how bad will it be? Economists in The Heritage Foundation’s Center for Data Analysis estimate that manufacturing jobs will fall on average by 400,000. Peak year unemployment in the manufacturing sector alone rises by almost 1.4 million.
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