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  • Cap and Trade Global Warming Bill

    How to Get Through a 946-Page Global Warming Bill

    What do you do when you want to pass some of the costliest legislation in history that will strip $4300 away from the average family in higher energy taxes? Hire a speed reader, of course: “Democrats in the House Energy and Commerce Committee have taken a novel precaution to head … More

    Global Warming Bill Isn’t About Saving the Environment or Protecting the Consumer

    Policymakers made it quite clear consumers will be hurt by a cap and trade bill. They also made it clear that this isn’t an environmental issue. It’s strictly politics. Representatives Henry Waxman (D-CA) and Ed Markey (D-MA) modified their global warming cap and trade proposal to win support from skeptical … More

    The Waxman-Markey Global Warming Tax

    KILLS MORE JOBS AND KILLS THE ECONOMY Cap and Tax Top Ten List Cap and Trade Is a Massive Energy Tax It Will Not Make a Substantive Impact on the Environment It Will Kill Jobs It Will Cause Electricity Bills and Gas Prices to Sharply Increase It Will Outsource Manufacturing … More

    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

    Morning Bell: The Waxman-Markey Pay to Play

    When Congress passed its last major energy legislation in 2005, a minor provision was added late in the legislative process that created a $1-per-gallon tax credit for “renewable diesel” fuel created through “thermal depolymerization.” The measure was included to benefit a single firm that produced boiler fuel from turkey waste, … 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

    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

    Politics of Cap and Trade Just Cost You $2 Trillion

    The New York Times reported Saturday: How did cap and trade, hatched as an academic theory in obscure economic journals half a century ago, become the policy of choice in the debate over how to slow the heating of the planet? … The answer is not to be found in … More

    Morning Bell: The Costs and Benefits of Waxman-Markey

    Today the House Energy and Commerce Committee will begin a multi-day markup on the Waxman-Markey energy tax bill. Committee Chairman Henry Waxman (D-CA) has been busy lobbying his own caucus for the necessary 30 votes to get the bill out of committee for weeks, but the bill’s fate is still … More