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Hannity ignores CBO to attack cap and trade as regressive

July 02, 2009 9:20 am ET

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SUMMARY: Sean Hannity hosted Ralph Reed, who cited a study by the Tax Foundation, which, he said, "shows" that "the cap-and-tax burden falls heaviest on the poor and the lower middle class." However, the study did not consider the effect of the government's distribution of revenue generated by a cap-and-trade system to lower-income households.

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