Heritage Analysis of Waxman-Markey Hits Where Others Miss

http://www.heritage.org/Research/EnergyandEnvironment/wm2580.cfm "People would spend more for less energy; build smaller houses and buildings; drive smaller, less safe vehicles; turn their thermostats up in the summer and down in the winter; and divert income to more expensive energy-saving appliances. But savings from these activities and more would not be enough to offset the higher energy costs. The net effect is lower income, higher prices, and fewer jobs."