http://online.wsj.com/article/SB120554497521738693.html

EPA has issued a report saying that the Warner-Lieberman cap-and-trade legislation would not significantly limit economic growth over the next two decades.

According to the analysis, if the U.S. were to implement the Lieberman-Warner bill, gross domestic product -- the total value of goods and services produced in the nation -- would grow 80% from 2010 to 2030, one percentage point less than its growth in the absence of the bill. That scenario is based on some assumptions that even supporters of the Lieberman-Warner bill acknowledge are ambitious….but doesn't account for the effects of a sweeping energy bill, passed by Congress in December.

The flip side: electricity and gas prices would likely increase.

Wall Street Journal; March 17, 2008

Submitted by M. Brooks