Stephen Power’s “EPA Says Carbon Caps Won’t Harm Economy Much,” in today’s Wall Street Journal, discusses Friday’s EPA report that the Lieberman-Warner cap-and-trade bill will not significantly harm the U.S. economy. I guess the truth of this depends on your definition of “significantly.”

I wonder if the EPA would consider the following (from the recent NAM/AACF report on the economic impact of the Lieberman-Warner Climate Security Act) “significant.” Under the Lieberman-Warner bill:

• The U.S. would lose between 1.2 million and 1.8 million jobs by 2020, and as many as 4 million by 2030;
• Additional costs per household of $739 to $2,927 per year by 2020, increasing to $4,022-$6,752 per year by 2030; 
  
  
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