Democrats Admit That Their Cap and Trade Bill Is a Job Killer

Democrats Admit That Their Cap and Trade Bill Is a Job Killer:

"Democrats Admit That Their Cap and Trade Bill Is a Job Killer
Peter Roff
U.S. News & World Report
Monday, July 6, 2009

According to Friday’s Washington Times, the legislation includes language that provides, should it become law, that people who lose their jobs because of it “could get a weekly paycheck for up to three years, subsidies to find new work and other generous benefits—courtesy of Uncle Sam.”

How generous are these benefits? Well, according to the Times, “Adversely affected employees in oil, coal and other fossil-fuel sector jobs would qualify for a weekly check worth 70 percent of their current salary for up to three years. In addition, they would get $1,500 for job-search assistance and $1,500 for moving expenses from the bill’s ‘climate change worker adjustment assistance’ program, which is expected to cost $4.2 billion from 2011 to 2019.”"