Treasury Admits Cost of Cap & Tax will cost 1% of GDP
The Treasury Department has been forced to admit that the cost of Cap & Tax will cost 1% of GDP. In respomse to a FOIA request, Treasury submitted
a redacted report on the costs. While the dollar amount was redacted, on page three of the .pdf file there is the admission "Exonomic costs will likely be on the order of 1% of GDP, making them equal in scale to all environmental regulations."