Cap and Trade

Cap and Trade will cost Hoosiers millions of dollars.

The Heritage Foundation released a report on the economic devastation and job loss that would take place in each Congressional District if the Waxman-Markey Cap-and-Trade legislation was put into law. 

Rep. Dan Burton had the following statement:

"Today in the Rose Garden, President Obama said that Cap-and-Trade was a "jobs bill." Yet, this Heritage study, among others, reports rampant job loss through the year 2035. If this energy tax passes, the estimated job loss for my district is an average of 3,702 jobs per year from 2012 through 2035. If this bill passes tomorrow, it will mean financial ruin for thousands of my constituents."

Here are the statistics for Indiana's 5th Congressional District:
  • 5th CD Gross State Product Loss for 2012: $361.7 Million
  • 5th CD Gross State Product Loss on average from 2012-2035: $720.1Million
  • 5th CD Personal Income Loss in 2012: $458.7 Million
  • 5th CD Personal Income Loss on average from 2012-2035: $265.7 Million
  • 5th CD Non-farm Job Loss in 2012: 4,552
  • 5th CD Non-farm Job Loss on average from 2012-2035: 3,702
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