Just when you thought there weren’t enough bureaucrats and red tape in Washington, DC, the Congressional Budget Office (CBO) reports that the Cap and Trade program would add at least $7.5 billion in new agencies and bureaucrats.
The CBO reports (Page 32):
"Several federal agencies, including EPA, the Federal Energy Regulatory Commission (FERC), the Department of State, DOE, and others would be responsible for administering programs under H.R. 2454. Major new initiatives—particularly the proposed GHG cap-and-trade program and related activities, the proposed energy-efficiency and renewable electricity standard, and rebates for low income individuals—would significantly expand agencies’ workloads. In addition, many other provisions of H.R. 2454 would require federal agencies to undertake a variety of rulemakings, conduct studies and assessments, prepare reports, and carry out other activities related to new programs authorized under the bill."
The CBO estimated the gross appropriations would total $540 million in 2010 and $8.2 billion over the 2010-2019 period. Some agencies such as FERC, however, would be able to offset some of the costs with fees, bringing the net outlay of funding to $390 million in 2010 and $7.5 billion over the 2010- 2019 period. The fees would still have to be paid by someone (read: you), so the real cost of these new bureaucracies is still $8.2 billion for taxpayers.
These are CBO projections; some have estimated the actual costs to be much higher.
If the Waxman-Markey Energy Tax passes, not only do you get to look forward to higher energy bills, fewer jobs, and a diminished standard of living, you also get to pay for more and more Washington bureaucrats to take your money and run your life.