Let's see how well this is received at town hall meetings this summer: Anyone in favor of an additional $750 billion in taxes and spending for federal programs that attempt to prevent bad weather?

The Associated Press: CBO says climate bill would cut deficit by $19B

In its report Wednesday, the CBO said the energy bill would increase federal revenues by about $751 billion from 2011 to 2020, mostly though the sale of carbon credits in so-called a cap-and-trade plan to be applied to utilities and other sectors of the economy.

The measure would increase spending by about nearly $732 billion, mostly from refunds to utility bills and tax credits, as well as investment in various energy provisions including research and development, the report said.