Climate bill to pay hundreds of dollars in rebates

WASHINGTON -- A new analysis predicts that low-income families will receive hundreds of dollars a year to help pay higher energy bills if Congress enacts the first-ever limits on the gases blamed for global warming.

A Congressional Budget Office analysis of global warming legislation estimates that low-income families could initially receive $161-$359 in the form of a credit or rebate, if the bill becomes law. The money would come from the government's auction of pollution permits.

Studies have estimated that the average household could pay as much as $1,600 more a year in energy costs because of the bill.

[I.e., the government makes a profit. How surprising. It's never been about the environment.]

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