Last Thursday, a who’s who of the progressive movement met for a conference call organized by Families USA and hosted by the advocacy group for government-run health care, The Herndon Alliance. The Alliance’s partners include AARP, AFL-CIO, SEIU, MoveOn and La Raza, among many others. Democratic pollsters John Anzalone, Celinda …
As many predicted, Majority Leader Harry Reid’s (D–NV) new energy bill contains neither a cap-and-trade program nor a renewable electricity standard (RES). But in a complete change of direction, the bill has made coal, the nemesis of the cap and trade/RES crowd, an alternative fuel. So now, to the list …
The Senate just released its proposed legislative response to the Deepwater Horizon oil spill. Fortunately, earlier efforts to load the spill bill down with extremely costly and unrelated measures like cap and trade have given way to a more targeted approach. Nonetheless, the bill still contains a number of problematic …
Yesterday, Senate Majority Leader Harry Reid announced an energy bill without a cap-and-trade provision—a victory for the American economy. Yet, like the famous Miracle Max scene in The Princess Bride, cap-and-trade is only “mostly dead.” In a year when seemingly-dead legislation has suddenly come back to life, it is premature …
Here’s a principles-of-economics question: Suppose the U.S. gross domestic product (national income) is currently $14 trillion. Then suppose the U.S. raised all tariff, income tax, and sales tax rates to 100 percent. How much money would the government collect? If you realized that nobody would generate taxable income under such …
The Environmental Protection Agency released its economic analysis of the Kerry-Lieberman cap and trade legislation, the latest cap and trade bill to be released in the Senate. The result was nearly the same as the EPA’s analysis of the Waxman-Markey cap and trade bill passed in the House of Representatives …
President Barack Obama delivered his first Oval Office speech on the heels of his latest visit to the Gulf region – the fourth since the Deepwater Horizon rig explosion in April. With such an environmental and economic crisis present, the president needs to exert leadership to protect our precious coastal …
