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  • Cap and Trade: “It’s Out of Control”

    I’m not critical of cap-and-trade. But it has to be used in a targeted and disciplined way, and what has happened is it’s gotten out of control.” Those are the words of former Democratic Senator and current president of the United Nations Foundation Timothy Wirth, who also mentioned, “The Republicans … More

    Cap and Trade Will Kill the Travel Industry

    Proponents of climate change legislation argue that a cap and trade will stop the polar ice caps from melting. This is critical to island nations relying on tourism as the primary source of economic activity. After all, who’s going to visit an island if it’s completely submerged by water? According … More

    Cash for Clunkers: Robbing Peter to Pay Paul

    In this case Paul is the auto industry, as if they haven’t gotten enough help from American taxpayers, and Peter is the retail industry and, of course, the American taxpayer: “Retail sales outside of autos turned in a disappointing performance in July, underscoring concerns about the timing and durability of … More

    Why Carafano Has it Right on Climate Change, Part II

    In response to Heritage analyst James Carafano’s paper, “National Security Not a Good Argument for Global Warming Legislation”, the American Security Project responded to four “myths” in Carafano’s piece. But their retaliatory facts ignore Carafano’s central premise that the Waxman-Markey cap and trade bill will do much more economic harm … More

    Why Carafano Has it Right on Climate Change, Part I

    In response to Heritage analyst James Carafano’s paper, “National Security Not a Good Argument for Global Warming Legislation”, the American Security Project responded to four “myths” in Carafano’s piece. But their retaliatory facts ignore Carafano’s central premise that the Waxman-Markey cap and trade bill will do much more economic harm … More

    Cap and Trade: Giving More Than 100 Percent

    In 2007, during his presidential campaign, President Obama told Grist: I believe that, depending on how it is designed, a carbon tax accomplishes much of the same thing that a cap-and-trade program accomplishes. The danger in a cap-and-trade system is that the permits to emit greenhouse gases are given away … More

    Generous Assumptions on Cap and Trade Do Not Mask the Costs

    The Heritage Foundation recently released its economic analysis of the Waxman-Markey cap and trade bill, and unsurprisingly, found devastating results. The goal of cap and trade is to force energy prices to rise so high that people use less of it. And boy do they. Even under the most generous … More

    Manufacture This: 10 Democrats Express Concern over Cap and Trade

    Ten Senate Democrats recently expressed their concern over cap and trade legislation that would dramatically increase energy prices and particularly hurt the country’s manufacturing base. In a letter sent to the White House, Senators from Ohio, Indiana, Michigan, Pennsylvania, Wisconsin, Minnesota and West Virginia wrote: As Congress considers energy and … More

    Cash for Clunkers Sentence of the Day

    “But don’t expect anyone in Congress to admit that taxpayers are paying around $6,000 to provide a $4,500 rebate for a foreigner or illegal immigrant to buy a new car. “ That’s Lurita Doan. She argues: “First, DOT created and staffed an entirely new organization with three divisions to administer … More

    Heritage Foundation Releases Economic Study of Waxman-Markey Cap and Trade Bill

    The idea behind cap and trade is to reduce carbon dioxide emissions by putting a price on the right to emit carbon and other greenhouse gases on businesses. Since 85 percent of America’s energy needs are met through carbon-emitting fossil fuels, cap and trade would be a massive tax on … More