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  • Too Many Lobbyist Hands in the Cap and Trade Cookie Jar

    Warning from Dr. Enno Harders, a lead official from German Emissions Trading Authority, who experienced troubled initiating a German cap and trade system: Early cap and trade [proposals] receive enormous lobby.” Businesses rightfully have an interest in ensuring that they protect their bottom lines. Many of them have calculated that … More

    Son of Waxman-Markey: Why More Politics Makes for a More Costly Cap and Trade Bill

    After making changes to draft legislation of the Waxman-Markey cap and trade climate legislation, the economic impact of the new draft (the Son of Waxman-Markey) varies from that of the original draft in several major ways: • Compared to no cap and trade, real GDP losses increase an additional $2 … More

    Dude, Where’s My Truck? It’s Been Hijacked by Obama’s New Emission Standards

    From ABCNews: President Obama will issue the toughest emission and mileage standards in history for new cars sold in the United States on Tuesday, in a move environmentalists hail as the first step ever by the U.S. government to curb global warming. President Obama will tomorrow announce a “historic” new … More

    Capping the Poor’s Ability to Prosper (Part 9 in a 10-Part Series)

    The difference between the price of a gallon of milk at a local grocery store and a corner market or convenient store may be modest, but add it up over the course of a few years, as well as paying higher prices for the rest of your groceries, and the … More

    More Bailouts, Protectionism or Both?

    The government handed out billions of dollars in taxpayer money for General Motors and Chrysler to save jobs and become economically viable as fast as possible. No such luck with Chrysler. If returning to viability is the target, GM may have to turn to imports: General Motors is engaged in … More

    Doomed to Repeat Energy Tax History? (Part 8 in a 10-Part Series)

    A national energy tax, which masks as a cap-and-trade program, could produce a substantial public backlash. According to a recent CNN poll, a majority of Americans already believe that such a job-killing energy tax that produces little or no environmental gain is not a good idea. This is not the … More

    The $4300 Energy Tax

    There have been a lot of numbers floating around measuring the costs of cap and trade. For instance, a study by MIT professor John Reilly shows a carbon cap and trade would cost the average American household $3,900 a year. $800 of that figure comes from, according to Reilly, “the … More

    Global Warming Regs Will Hand Our Children a Lower Standard of Living

    We’re mortgaging our children’s future. We’ve heard that phrase time and time again. President Obama used it just yesterday acknowledging that the U.S. debt load is “unsustainable”, saying, “We can’t keep on just borrowing from China. We have to pay interest on that debt, and that means we are mortgaging … More

    Waxman’s Lower Standards Do Not Reduce Costs to Consumers

    In an attempt to win over the public, manufacturers and garner more Congressional support, House Energy and Commerce Committee chairman Henry Waxman reduced the short-term stringency of greenhouse gas emission cuts as well as reduced the impossible goals for a renewable portfolio standard. The concessions, as reported by CQPolitics and … More

    A Carbon Tax Is An Economy Killer, Too

    In response to the Waxman-Markey cap and trade bill to reduce carbon dioxide and other greenhouse gas emissions, GOP lawmakers Bob Inglis of South Carolina and Jeff Flake of Arizona are set to introduce carbon tax legislation. A carbon tax is a direct, more predictable tax on carbon emissions, but … More