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  • cap and trade

    Protectionism in the Name of Global Warming Regulations

    Protectionism is always bad policy. But protectionism during an economic downturn, after taxes have already risen, and in addition to a massive $2 trillion tax on energy consumption is, well, not good. Yet that is exactly what Energy Secretary David Chu seems to be edging towards. In response to the … More

    Obama Will Shock Consumers with Higher Electric Bills

    Hold onto your thermostat as well as your wallet! Annual utility bills may rise $1,800 under President Obama’s “cap and trade” energy tax plan. That wipes out his pledge of a $800 a year tax cut for 95% of Americans. The White House admits low-balling the cost in Obama’s official … More

    Joe Barton’s Letter to Secretary Geithner on Cap and Trade

    Can President Obama lead the United States out of the recession? In a word, no. Economist Russ Robert opines, “No man or woman runs the economy. No man or woman or team of people can possibly plan the evolution of the economy in the coming months. America will come out … More

    Political Elite Losing Touch With America on Global Warming

    Senator John Kerry stressed that the economy cannot be a scapegoat for not implementing carbon dioxide and other greenhouse gas reductions. He went so far as to call doing nothing a “suicide pact”. Forget cost and forget the recession, says Kerry: “Climate change is not governed by a recession, it’s … More

    Cap and Trade Was Never About Climate

    The Wall Street Journal‘s Kimberley Strassel reports today that the businesses in the U.S. Climate Action Partnership are beginning to realize that the cap and trade was never about global warming: “People are learning,” says William Kovacs, vice president of environment, technology and regulatory affairs at the U.S. Chamber of … More

    Pelosi’s Big Bad Energy Idea

    Instead of a bunch of small, bad energy bills, why not have one, large bad energy bill? That seems to be the sentiment coming from Speaker of the House Nancy Pelosi. Cap-and-trade. A National Renewable Portfolio Standard. A New Smart Grid. Throw it all in there. Pelosi told reporters yesterday … More

    How to Hide a Trillion Dollars

    The Obama Administration’s recent budget has some of the most revealing text in the smallest font. Put on your green eyeshade and get out your wonk decoder ring. We’re heading down into the weeds to hunt budget big game. Footnote 5 of Table S-6 starts off “Shown here are those … More

    Capping Economic Growth: Trading Tax Dollars for High Energy Costs

    Senate Rejected an Economic Disaster Bleak Cap and Trade Future: EPA Administrator Lisa Jackson said she planned to move the country toward a “carbon constrained future.” Any scheme, whether cap-and-trade or a carbon tax, that raises the price on carbon dioxide will raise energy costs while generating enormous sums of tax … More

    Trillions in New Taxes to Accomplish Nothing

    Discovery News reports: For those who have endured this winter’s frigid temperatures and today’s heavy snowstorm in the Northeast, the concept of global warming may seem, well, almost wishful. But climate is known to be variable — a cold winter, or a few strung together doesn’t mean the planet is … More

    A Tax by Any Other Name

    Is still a tax. This notion is especially important now as more people are beginning to recognize what a cap-and-trade program to reduce carbon dioxide actually is: a heavy tax on energy consumption. The Wall Street Journal bluntly says, “If it brings in revenue that the government then spends, it’s … More