Time vs. Truth When it Comes to Cap and Trade

David Kreutzer /

“In fact, they’re all but lying.” Those are pretty strong words to be used in a national news source, especially one that aspires to be an arbiter instead of an advocate. So, it is disappointing that Time magazine would make that statement either in clear ignorance of the facts or as a way of bending the truth itself.

Time’s article refers to groups whose cost estimates for the Waxman-Markey cap-and-trade energy tax exceed $175 per family per year, or roughly what government number crunchers argue it would be. Heritage is one of those groups, but our estimate of nearly $3,000 per year per family of four is a much more truthful answer to the cost question than is $175.