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Sen. Kay Bailey Hutchison unveils study showing cap and trade will be bad for Texas

from The Dallas Morning News

Sen. Kay Bailey Hutchison warned Wednesday that climate-change legislation working its way through Congress would push fuel prices up by $1 per gallon. The Texas Republican and Sen. Kit Bond, R-Mo., unveiled a study contending that the Democratic-backed proposal intended to curb greenhouse emissions amounts to a $3.6 trillion surtax on gasoline, diesel and jet fuel, a dramatic figure, albeit one calculated over the next 40 years. more


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