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GOP Cap & Trade Numbers Wrong
Republicans in Congress incorrectly cited an MIT report on cap-and-trade, claiming it would raise consumer energy prices by $3,400. The report actually said $340. (Photo courtesy of GOP.gov)
House Republicans used an M.I.T. report to come up with cost estimates for the carbon cap-and-trade program. Lester Graham reports the author of that report has informed the Republicans their conclusions are almost ten times higher than the report indicated:
Press release from the GOP on Obama's energy plan
Listen to the rest of our series on coal
Producer: Lester Graham
Release Date: March 30, 2009
Running Time: :51