The Center on Budget and Policy Priorities, a left-leaning think-tank, has issued a new report concluding that global warming policies
…will significantly raise the price of fossil-fuel energy products — from home energy and gasoline to food and other goods and services with significant energy inputs… They will… cut into consumers’ budgets…
For the 60 million Americans in the bottom quintile of income (about $15,000 annually for a family of three), the CBPP says that
even a modest 15 percent reduction in greenhouse gas emissions would cost them an average of $750 a year in higher energy-related prices that result from the emissions cap.
The CBPP recommends that these families receive tax rebates to compensate them for the effects of higher energy prices.