From Heritage, the Foundry, “President Obama, You Forgot a Word in Your Cap and Trade Speech“:
When pressing the House of Representatives on the Waxman-Markey cap and trade bill, President Obama remarked,
Make no mistake: This is a jobs bill.”
Insert “killing” between “jobs” and “bill” and you have yourself an accurate statement. Cap and trade is a jobs killing bill.
According to The Heritage Foundation analysis of the Waxman-Markey cap and trade bill, Over the 2012-2035 timeline, job losses average over 1.1 million. By 2035, a projected 2.5 million jobs are lost below the baseline – without a cap and trade bill.
Particularly industries hit hard are: agriculture, transportation, chemicals, wood products, machinery, paper, plastics & rubber, electrical equipment & appliances, construction and, of course, manufacturing.
For more information, check out The Heritage Foundation’s Rapid Response Page on Cap and Trade.