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 South Carolina. 

Detailed information on this and other energy taxes can be found in the Americans for Tax Reform Energy Tax Analysis, May 2009. 
South Carolina:
 
According to a study by Karen Campbell, Ph.D. and David Kreutzer, Ph.D. at the Heritage Foundation, South Carolina will suffer the following losses in 2012 as a result of Cap and Tax: 
  • A decline in Gross State Product of $1,756,350,000.
  • Total Personal Income Loss of $2,430,580,000.
  • Non-Farm Job losses of 23,482. 
An update to the Heritage Foundation’s study further shows an: 
  • Increase in Electricity Prices from 2012-2035 of $706.46 per household.
  • Increase in Gas Prices from 2012-2035 of $0.60 per gallon. 
Contact your Senators today and tell them to VOTE NO on the Waxman-Markey Energy Tax.
Senator Jim DeMint: (202) 224-6121
Senator Lindsey Graham: (202) 224-5972 
 
**UPDATE** Senator Graham Co-Authored an Op-Ed In the New York Times with Senator Kerry this weekend in support of the Boxer-Kerry Energy Tax. Sentor Graham supports the National Evergy Tax as well asprotectionism, “ we should consider a border tax on items produced in countries that avoid these standards,” and price controls, “The central element is the establishment of a floor and a ceiling for the cost of emission allowances.”
 
Contact Senator Graham and urge him to rethink his disasterous policies.