Washington is working on a bill that would raise gas costs further, says policy analyst Ben Lieberman...
The proposed American Clean Energy and Security Act of 2009 (the Waxman-Markey proposal) essentially would limit how much gasoline and other fossil fuels Americans can use. The aim is to cut emissions of carbon dioxide from energy use; yet, prices would have to rise high enough so the public would be forced to drive less and meet the ever-tightening energy rationing targets.
How high? Estimates are that gasoline costs will rise $118 annually for a typical four-person household once the bill's provisions take effect in 2012, Electricity is also hit hard; in fact, the main target of the bill is coal, which affordably provides 50 percent of America's electricity.
Overall, this is a regressive tax that would harm the working poor the most. At the same time, it would leave a million or more people without a paycheck to deal with the higher costs...
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