Report: Climate Bill Could Cost Two Million Jobs By 2030

The Hill reports that on Wednesday the National Association of Manufacturers (NAM) and the American Council for Capital Formation (ACCF) released a study that claimed that “under a high-cost scenario the House global warming bill could reduce economic growth by 2.4 percent and cost 2 million jobs by 2030,” which “will likely provide opponents of capping carbon more ammunition and could add to the angst of senators from industrial states” with “as much as 66 percent of the total job loss” coming from manufacturers.

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