From Newsmax:

The Obama administration has concluded privately that a cap-and-trade law would cost every American household $1,761 a year — or a national total of nearly $200 billion a year, the equivalent of hiking personal income taxes by about 15 percent.

The previously unreleased Treasury Department analysis, which CBS News reported this week, says the new law would require new taxes between $100 billion to $200 billion a year. That's how Treasury analysts arrived at the $1,761 per household figure.

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