Simply expanding government agencies to handle all their new responsibilities will cost about $7.5 billion over the next decade, according to the Congressional Budget Office.
USA Today reported today on the study, which was issued in June in answer to the House Energy Committee's request for cost estimates on the global-warming bill. (The relevant bits are on pages 29 and 32.)
The CBO concluded that a lot of federal agencies will have a lot more work to do, which will cost a lot of money. The Waxman-Markey bill "would require federal agencies to undertake a variety of rulemakings, conduct studies and assessments, prepare reports, and carry out other activities related to new programs authorized under the bill," the report found. Plus, other agencies would have to run the programs to allocate and auction off carbon-emssions permits.
Read full from Wall Street Journals Keith Johnson
Haase -
Is this on top of the 1.9 Trillion?
Yep.
