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How Cap and Tax Will Hurt Montana


Posted by Todd Hollenbeck on Monday, September 21st, 2009, 10:30 AM PERMALINK


In our continuing, daily, state by state, look at the financial impact of the Waxman-Markey Cap and Trade Tax Bill, we will show you the projected losses in Gross State Product, Personal Income, and Non- Farm Jobs in Montana. 

Detailed information on this and other energy taxes can be found in the Americans for Tax Reform Energy Tax Analysis, May 2009
Montana:
 
According to a study by Karen Campbell, Ph.D. and David Kreutzer, Ph.D. at the Heritage Foundation, Montana will suffer the following losses in 2012 as a result of Cap and Tax: 
  • A decline in Gross State Product of -$393,640,000.
  • Total Personal Income Loss of -$565,500,000.
  • Non-Farm Job losses of -5,245.
An update to the Heritage Foundation’s study further shows an: 
  • Increase in Electricity Prices from 2012-2035 of $459.10 per household.
  • Increase in Gas Prices from 2012-2035 of $0.66 per gallon. 
Contact your Senators today and tell them to VOTE NO on the Waxman-Markey Energy Tax.
Senator Max Baucus: (202) 224-2651
Senator Jon Tester: (202) 224-2644

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