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    CBO Grossly Underestimates Costs of Cap and Trade

    June 22, 2009 at 4:25 pm

    41 Comments

    Last week, the Congressional Budget Office released their analysis of the Waxman-Markey climate change bill that had proponents of the bill claiming we could save the planet for just $175 per household. That was the figure CBO estimated cap and trade would cost households in 2020, which “includes the cost … More

    Breaking Down the Costs of Waxman-Markey Global Warming Legislation

    June 15, 2009 at 4:24 pm

    26 Comments

    The idea behind cap and trade is to reduce carbon dioxide emissions by putting a price on the right to emit carbon and other greenhouse gases on businesses. Because fossil fuels emit carbon dioxide, cap and trade becomes a costly tax on fossil fuels and the energy they generate. Since … More

    “The Domestic Energy Prevention Act” Introduced In the House

    June 10, 2009 at 10:15 am

    4 Comments

    The last few years have been bumpy ones for energy supplies and prices, but one piece of good news has been the upturn in domestic natural gas production. The reason is a technology called hydraulic fracturing that makes it possible to produce gas in areas where it had previously been … More

    Who Needs a Ways and Means Committee?

    June 4, 2009 at 1:54 pm

    1 Comment

    The House Ways and Means Committee, the chief tax committee that has jurisdiction over all taxes and revenue-generating programs (social security, medicare, unemployment) is saying “no thanks” to dealing with potentially one of the largest taxes in history, the cap and trade energy tax. From CongressDailyAM: “House Ways and Means … More

    Video: Does Cap and Trade Mean the End of Parking Tickets?

    May 27, 2009 at 12:08 pm

    3 Comments

    America is going on a big energy diet. Cap and Trade is the policy that our government is pursuing to force Americans to limit the amount of carbon dioxide that we produce. The problem is that America relies on CO2 emitting fuel sources for 85 percent of its energy. So … More

    Cap and Trade Bill Moves Forward on Waxman’s Artificial Timeline: High Costs Remain (Part 10 in a 10-Part Series)

    May 22, 2009 at 10:49 am

    2 Comments

    Rep. Henry Waxman (D-CA) is a man of his words, sort of. He told people he wanted to get a global warming bill that capped carbon dioxide out by Memorial Day and he did: Legislation imposing the first nationwide limits on the pollution blamed for global warming advanced in the … More

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

    May 20, 2009 at 3:55 pm

    17 Comments

    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

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

    May 1, 2009 at 3:00 pm

    14 Comments

    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

    Secretary Chu Admits His Views Are “Silly”

    April 23, 2009 at 2:51 pm

    16 Comments

    Yesterday Energy Secretary Steven Chu testified before the House Committee on Energy Commerce. When pressed by Rep. Cliff Stearns (R-FL) on statements Chu made last year about the desirability of high gas prices, Chu admitted his ideas were “silly”. Watch: [youtube]http://www.youtube.com/watch?v=qZE50jeVC2w[/youtube]

    What Will You Give Up to Fight Global Warming?

    April 1, 2009 at 4:05 pm

    27 Comments

    The current recession is causing Americans to take a second look at their household budget. Well, if Congress enacts cap and trade legislation, recently proposed by Chairman Henry Waxman (D-CA) of the Energy and Commerce Committee and Chairman Edward Markey (D-MA) of the Energy and Environment Subcommittee, families will have … More

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    The Morning Bell
    Morning Bell: 17 Reasons the $17 Trillion Debt Is Still a Big Deal

    Remember the debt? That $17 trillion problem? Some in Washington seem to think it’s gone away. The Washington Post reported that “the national debt is no longer growing out of control.” Lawmakers and liberal inside-the-Beltway organizations are floating the notion that it’s not a high priority any more. We beg … More

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