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    • cap and trade

    Politics of Cap and Trade Just Cost You $2 Trillion

    May 18, 2009 at 10:44 am

    2 Comments

    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

    The $4300 Energy Tax

    May 15, 2009 at 3:59 pm

    20 Comments

    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

    May 15, 2009 at 3:44 pm

    8 Comments

    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

    May 14, 2009 at 4:47 pm

    4 Comments

    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

    House Global Warming Plan Doesn’t Address Senate Concerns

    May 14, 2009 at 10:36 am

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    Last year, the US Senate tried to advance a national energy tax, which masquerades as a cap-and-trade program, sponsored by Senators Joseph Lieberman (I-CT) and John Warner (R-VA). After the policy was defeated, ten Democrats sent a letter to Senate Majority Leader Harry Reid (D-NV) and Senator Barbara Boxer (D-CA), … More

    The Benefits of Waxman-Markey

    May 13, 2009 at 1:05 pm

    32 Comments

    Nothing. Zip. Zero. Zilch. There are no benefits for the American people in the Waxman-Markey energy tax bill. Whenever defenders of the free market point out how much an energy tax will cost the economy, the enviro-left always tries to change the subject to “the cost of inaction.” But here … More

    The Costs of Waxman-Markey

    May 13, 2009 at 12:30 pm

    7 Comments

    According to the latest reports from Capitol Hill, House Democrats are busy gutting the Waxman-Markey energy tax bill in an effort to keep its economic costs low. They have a lot of work to do. The Heritage Foundation’s Center for Data Analysis has just completed their study of the March … More

    Cap and Corruption: The Fraud behind Carbon Reduction Targets (Part 7 in a 10-part series)

    May 12, 2009 at 5:51 pm

    5 Comments

    If former presidential candidate Ralph Nader, the greenest of all the greens, the man who played an integral role in starting the Environmental Protection Agency and passing the Clean Air and Clean Water Acts, opposes cap and trade, it’s probably not a good idea. Here’s what Nader told the New … More

    Cap and Trade Equals Reduced Trade (Part 6 in a 10-Part Series)

    May 11, 2009 at 5:32 pm

    3 Comments

    The economic costs associated with a cap and trade policy are real. Republicans and Democrats alike realize this and have urged caution that a bill must protect American consumers and businesses. One idea floating around to protect American business and manufacturers is a protectionist carbon tariff. Secretary of Energy Steven … More

    What Cap and Trade Energy Tax Would Cost American Households

    May 8, 2009 at 3:21 pm

    23 Comments

    Any honest economist will tell you that a carbon cap and trade scheme, if it works perfectly, functions the same as an energy tax. The Waxman-Markey cap and trade bill currently under consideration in Congress is no different. In 2007, MIT did a study on the costs of cap and … More

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