• The Heritage Network
    • Resize:
    • A
    • A
    • A
  • Donate
  • Another Opinion on Waxman-Markey: Washington Post

    The Waxman-Markey Global Warming Tax would have a devastating effect on our economy. But don’t just take our word for it. This week we’ll be sharing the opinions of other organizations who agree that Waxman-Markey will cause massive unemployment and drive energy prices up for all Americans.

    Today: Washington Post writer Steve Pearlstein

    Waxman and Markey are wily and experienced politicians, so it is a fair assumption that the bill their committee passed last night in a 33-25 vote is pretty close to what the U.S. political system is now willing to accept. The other thing to say about it is that it is a badly flawed piece of public policy. It is so broad in its reach and complex in its details that it would be difficult to implement even in Sweden, let alone in a diverse and contentious country like the United States. It would create dozens of new government agencies with broad powers to set standards, dole out rebates and tax subsidies, and pick winning and losing technologies, even as it relies on newly created markets with newly created regulators to set prices and allocate resources. Its elaborate allocation of pollution allowances and offsets reads like a parody of industrial policy authored by the editorial page writers of the Wall Street Journal. The opportunities for waste, fraud and regulatory screwup look enormous.

    Posted in Ongoing Priorities [slideshow_deploy]

    3 Responses to Another Opinion on Waxman-Markey: Washington Post

    1. Capt Timmy Townsend says:

      This bill will destroy America, Please fight this with everthing you have. call your congressman, and senators. let them know if they vote to pass this bill. we will hold them responsible, and we have a long memory. please tell everbody to help fight.

    2. Mike L CA. says:

      The people in washington have to go!!! They do not care if they destroy America! I knew waxman was a nut case,but i must ask is he on the payroll for china?? I beleive he was was asked about the content of the bill he wrote and could not answer!! It is time to quite electing these kind of people to congress. My state is already broke because of this kind of stupidty. We have farmers with no water to grow food because of a two inch fish!! Wake up people!! Throw the bums out in 2010.

    3. Pingback: Another way that the secular left kills millions of people « Wintery Knight Blog

    Comments are subject to approval and moderation. We remind everyone that The Heritage Foundation promotes a civil society where ideas and debate flourish. Please be respectful of each other and the subjects of any criticism. While we may not always agree on policy, we should all agree that being appropriately informed is everyone's intention visiting this site. Profanity, lewdness, personal attacks, and other forms of incivility will not be tolerated. Please keep your thoughts brief and avoid ALL CAPS. While we respect your first amendment rights, we are obligated to our readers to maintain these standards. Thanks for joining the conversation.

    Big Government Is NOT the Answer

    Your tax dollars are being spent on programs that we really don't need.

    I Agree I Disagree ×

    Get Heritage In Your Inbox — FREE!

    Heritage Foundation e-mails keep you updated on the ongoing policy battles in Washington and around the country.