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  • cap and trade

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

    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

    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

    The Global Warming Debates Aren’t Over. (Part 5 in a 10-part series)

    When it comes global warming, two debates are currently taking place. At the forefront is the political debate. Current legislation introduced by House Democrats Ed Markey and Henry Waxman includes a cap-and-trade plan to attempt to reduce carbon dioxide and other greenhouse gases. But the debate unfortunately (and like most … More

    Do You Trust the Government to Take Your Money and Give it All Back to You? (Part 4 in a 10-Part Series)

    The reason cap-and-trade and carbon tax have been used interchangeably in the global warming debate is because they are essentially the same thing: a massive tax on energy. Although a more direct approach would be to tax carbon dioxide, it does not make it any more acceptable. But this tax … More

    Waxman-Markey: Trillions in Economic Pain for No Environmental Gain

    Summer is coming and homeowners know that it costs a few dollars more to crank up the air-conditioning by setting the thermostat a degree or two cooler. Well, Washington is about to try a similar thing, only it wants to spend trillions of dollars of our money to reduce the … More

    Waxman Bypasses Political Obstacles to Move Forward with Global Warming Bill

    If you cannot agree on something, go forward with it anyway. Is that how our founding fathers intended the political process to work? From Politico: “Energy and Commerce Chairman Henry Waxman plans to fast-track his controversial climate change bill, bypassing the political hurdles of the subcommittee. ‘I’m still holding firm … More

    Putting a Price on Carbon

    During the 2009 Offshore Technology Conference yesterday a lengthy panel took place to discuss meeting America’s energy challenges in both the near and the long term. The list of the panelists can be found below. Although not everyone came out and said it, a number of the panelists concluded a … More

    Will Cap and Trade Save the Planet? (Part 3 in a 10-part Series)

    Global warming skeptics are quick to point out the exorbitant costs of global warming legislation because they are, well, exorbitant. The $1.9 trillion of tax revenue generated over eight years from a cap-and-trade bill would still be larger than the $1.5 trillion from NASA, the New Deal, and Hurricane Katrina. … More

    Cap and Tax Will Force You to Make Budget Cuts: Part 2 in a 10-Part Series

    On April 20, President Obama called for $100 million in budget cuts after announcing spending increases of $4 trillion. Heritage Senior Policy Analyst Brian Riedl breaks it down nicely: • It is 1/40,000 of the federal budget; • It is 1/7,830 the size of the recent “stimulus” bill; • It … More

    "Cap and Trade Is a Tax: And It's A Great Big One"

    Cap and Trade Top Ten List 1. Cap and Trade Is a Massive Energy Tax 2. It Will Not Make A Substantive Impact on the Environment 3. It Will Kill Jobs 4. It Will Cause Electricity Bills and Gas Prices to Sharply Increase 5. It Will Outsource Manufacturing Jobs and Hurt … More