McCain-Lieberman Will Be Costly, Energy Department Warns

The U.S. Department of Energy’s Energy Information Administration (EIA) has released an analysis of the Climate Stewardship Act of 2003, sponsored by Senators John McCain (R-Arizona) and Joseph Lieberman (D-Connecticut).
According to the EIA, the proposed legislation to curtail greenhouse gas emissions would have far-reaching negative effects on the American economy.
By 2025, the average American family can expect to pay $444 more per year for energy as a result of McCain-Lieberman, according to the EIA analysis. The average American will have paid nearly $2,500 to comply with the law, and the nation as a whole will have lost more than $500 billion in gross domestic product, measured in 1996 dollars...