"The Arctic will retain its power to amaze for a long time. Yet it is now changing beyond the usual regional and annual variations in sea-ice formation, glacier melt and so forth. The Arctic is clearly melting. Its floating ice cap is shrinking and thinning and its glaciers are retreating. By the end of this century, maybe much sooner, there will be frequent Arctic summers with almost no sea...
Average Gain or Loss in Households’ Purchasing Power from the Greenhouse-Gas Cap-and-Trade Program in H.R. 2454
"CBO estimates that households in the lowest income quintile in 2020 would see an average gain in purchasing power of 0.7 percent of after-tax income, or about $125 measured at 2010 income levels. Households in the highest income quintile would see a loss in purchasing power of 0.1 percent of after-tax income, or about $165 at 2010 income levels (see Figure 1 and Table 2), and households in the middle quintile would experience a loss in purchasing power equivalent to 0.6 percent of after-tax income, or about $310 at 2010 income levels.
Although households in the lowest income quintile would experience a net gain in purchasing power in 2020 under the provisions of H.R. 2454, they would experience the largest financial burden prior to compensation. The price increases triggered by the compliance costs would cause a loss in purchasing power of 2.5 percent of after-tax income for households in the lowest quintile, compared with 0.7 percent of after-tax income for households in the highest quintile. Although the dollar increase in out-of-pocket expenditures stemming from the compliance costs would be substantially larger for high-income households ($1,400) than for low-income households ($430), it would impose a larger proportional burden on low-income households because those households consume a larger fraction of their income and because energy-intensive goods and services make up a larger share of expenditures by low-income households."