The Congress of Racial Equality (CORE), best known for its pioneering work in the civil rights movement, has joined an increasingly loud chorus calling out proposed “cap-and-trade” legislation as a regressive tax, and a steep one at that. Roy Innis, CORE National Chairman since 1968, writes: The civil rights challenge …
When pressing the House of Representatives on the Waxman-Markey cap and trade bill, President Obama remarked, Make no mistake: This is a jobs bill. Insert “killing” between “jobs” and “bill,” and you have yourself an accurate statement. Cap and trade is a jobs-killing bill. According to The Heritage Foundation analysis …
Everyone remembers President Obama’s now-infamous comment as a candidate that he thinks everyone is better when we “spread the wealth around.” Of course, we spread plenty of wealth around through the tax code before Obama became President. In 2006, the latest year of available data, the top 20 percent of …
The auto industry has long been a target of environmental activists. The push to put American consumers in smaller cars has been made quite clear. First, the Obama Administration enacted higher fuel efficiency standards – standards laden with unintended consequences. Now Congress is considering a cap and trade proposal that, …
On September 11, 2008, Venezuela’s Hugo Chávez, at a mass rally of fanatics, ordered U.S. Ambassador to Venezuela, Patrick Duddy, out of the country within 72 hours. The reason for Duddy’s expulsion was Chávez’s pique with the diplomatic spat between the Bush Administration and the government of Bolivian Evo Morales. The …
One of the advantages of The Heritage Foundation’s economic analysis of the Waxman-Markey climate change bill is we can determine out who loses most of all the losers. We’ve detailed the negative impacts cap and trade would have on farmers, manufacturers and construction workers. This time, it’s the wood product …
It’s no secret operating machinery uses a lot of energy. What policymakers are trying to keep a secret is how cap and trade will affect the machinery industry, along with other energy intensive industries (farming, construction, manufacturing). Cap and trade is an energy tax in disguise. Knowing that the public …
We continue to highlight particular industries hit hard by the Waxman-Markey cap and trade bill. The next three, although technically classified as two categories, are also energy-intensive subsets of the manufacturing sector. The North American Industry Classification System (NAICS) classifies the plastics and rubbers products industries as a manufacturing “subsector …
