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Greenhouse gases to be a “health danger”

The EPA is ready to declare carbon dioxide and other greenhouse gases a public health danger according to reports. If the White House accepts the EPA’s proposal, sweeping change is forthcoming. Already, the White House has indicated that it wants Congress to act on this issue, such as in greater fuel economy standards – probably similar to those California is seeking – along the way to President Obama’s cap-and-trade plan.

But will consumers balk?

Ultimately, such legislation will lead to higher auto prices – higher everything prices. Assuming cap-and-trade revenues will help subsidize these higher costs for low income consumers might be too big of an assumption for many voters. And with a majority of Americans now picking the economy over the environment, serious plans to regulate CO2 emissions could become a political braking point for the Obama Administration if the economy does not soon recover.

Labels: cap and trade, Congress, epa, global warming

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