"Simplistic and Misleading"

A co-author of a study that has been repeatedly "cited" by political opponents of Waxman-Markey takes issue with the extremely popular "this bill amounts to a tax of $3100/household" talking point (employed several times during Friday's House vote), which he states is "nearly 10 times the correct estimate." (emphasis mine) He went so far as to send a letter to House Minority Leader John Boehner outlining his concerns.

Via factcheck.org:
In a letter sent to House Minority Leader John Boehner (R-Ohio) on April 1, John Reilly, associate director for research at the MIT Joint Program on the Science and Policy of Global Change, said that the study he coauthored had "been misrepresented in recent press releases distributed by the National Republican Congressional Committee." He said the GOP's calculation fails to account for Obama's stated intent to provide rebates to consumers to cushion the effect of increased prices: "[M]any of the proposals currently being considered by Congress and as proposed by the Administration have been designed to offset the energy cost impacts on middle and lower income households and so it is simplistic and misleading to only look at the impact on energy prices of these proposals as a measure of their impact on the average household."

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