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 Kentucky.

Detailed information on this and other energy taxes can be found in the Americans for Tax Reform Energy Tax Analysis, May 2009.
Kentucky:
 
According to a study by Karen Campbell, Ph.D. and David Kreutzer, Ph.D. at the Heritage Foundation, Kentucky will suffer the following losses in 2012 as a result of Cap and Tax: 
  • A decline in Gross State Product of -$1,811,910,000
  • Total Personal Income Loss of -$2,313,260,000
  • Non-Farm Job losses of -21,942 
An update to the Heritage Foundation’s study further shows an:
  •  Increase in Electricity Prices from 2012-2035 of $567.51 per household.
  • Increase in Gas Prices from 2012-2035 of $0.65 per gallon. 
Contact your Senators today and tell them to VOTE NO on the Waxman-Markey Energy Tax.
Senator Jim Bunning: (202) 224-4343
Senator Mitch McConnell: (202) 224-2541