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About OneDegreeChange: House's global warming bill: $8B By Traci Watson It will cost nearly $8 billion over the next decade to pay for the expanded federal bureaucracy needed to combat global warming under a bill passed by the House of Representatives, a report by the non-partisan Congressional Budget Office says. The budget office also found that the House bill would shrink the federal deficit in that 10-year period because it requires businesses to buy permits to emit global-warming pollution. That would add hundreds of billions of dollars to federal coffers. Critics of the House bill that passed in June, such as Republican Sen. James Inhofe of Oklahoma, have seized on the increased size of government to try to stir opposition in the Senate, which is scheduled to consider its climate-change bill in the fall. The bill "is full of regulations, mandates, bureaucracy and big government programs," Inhofe, the top Republican on the Senate Environment Committee, said in a speech on the Senate floor in July. To read the entire article, please click the More on this Topic link below. USA Today | Top | Share Your Thoughts... ![]() |