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Waxman Cites MIT: GOP Scares About Cap And Trade Costs 'Are Just Wrong'

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Uploaded on Apr 24, 2009

http://wonkroom.thinkprogress.org/200... Rep. Henry Waxman (D-CA), chair of the House Energy and Commerce Committee, responds to Newt Gingrich and other Republicans claiming that global warming and clean energy policies are just giant energy taxes that will destroy the economy. Waxman cites Dr. John Reilly, the co-author of an MIT study Republicans have distorted, who explained to ClimateProgress.org that the GOP claims are a "gross exaggeration" and "just wrong."

Waxman also notes that these same predictions of economic disaster were made before the Clean Air Act came into law, but instead the economy thrived as the air and water got healthier.

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