More than ½ dozen independent studies say expected 2007 Energy Bill is a fiscal disaster.
New taxes and restrictions expected to cost 4 to 7 million domestic jobs.
Billions of dollars will be needed to subsidize "Zero net gain" ethanol.
Increased costs of foods and most other products will cause significant inflation.
New automobile prices will increase by 5.5% to 10%.
The GDP will decline 1.5% to 2.0%.
New taxes and policies will cause shortages of both gasoline and natural gas.
Each family’s purchasing power will decrease by $1,600 to $2,000 per year.
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2 comments:
Costs of fuel also expected to soar.
I get the feeling that Congress does not want the energy problem fixed!
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