In this week's edition of The Taxpayer's Tab, NTU Foundation highlighted the most expensive bill we've scored in the 114th Congress to date.
Introduced by Rep. Chris Van Hollen (D-MD), the Healthy Climate and Family Security Act would institute a "cap and trade" system to regulate carbon emissions. H.R. 1027 is just the latest version of the proposal to be introduced in Congress, and would eventually aim to reduce carbon emissions to just 20 percent of levels in 2005. If enacted, the legislation would increase federal spending by over $48 billion per year on average.
Also featured this week:
- Least Expensive: Rep. Marsha Blackburn (R-TN) reintroduced a series of bills that would make across-the-board cuts to discretionary spending not related to defense, homeland security, or veterans affairs operations. The deepest cuts would be realized in H.R. 58, which would reduce such spending by 5 percent, or $19.87 billion per year over the next two years.
- Wildcard: The RAISE Act, introduced by Rep. Todd Rokita (R-IN) and Senator Marco Rubio (R-FL), would make changes to current U.S. regulations that make it difficult for employers to offer raises to unionized workforces.
For more, check out the Tab online.