The House of Representatives is planning on voting this week on the week Waxman-Markey cap-and-trade bill. This bill requires entities to hold one allowance for any fuel whose combustion would emit one ton of greenhouse gas. The below image shows the Heritage foundations estimation of the costs of this program.

There has been push back from environmentalist for the lack of stringency of the bill (see this op-ed), whereas conservatives criticize the bill for the negative consequences to the economy and increased costs to households (see this report).
For me …