Last year Senators John Kerry (D-MA) and Barbara Boxer (D-CA) rolled out a companion cap and trade bill to the Waxman-Markey version that passed in the House of Representatives. Boxer-Kerry was essentially dead on arrival so Senator Kerry went back to work, this time with Senators Joe Lieberman (D-CT) and Lindsey Graham (R-SC). Although Senator Graham is urging his colleagues to slow down, Senators Kerry and Lieberman are trudging forward and have introduced the American Power Act – the latest big climate change bill. Subtitled, “A New Start for Clean …
Yesterday, Senators John Kerry (D-MA), Joseph Lieberman (I-CT) and Lindsey Graham (R-SC) unveiled an outline of their cap-and-trade proposal. Interestingly, their version of a national tax on American energy is hard to distinguish from earlier proposals such as the House-passed Waxman-Markey or the Senate committee-passed Boxer-Kerry. All of these proposals have one thing in common: they hurt the economy. However, the Senators Kerry, Lieberman and Graham take great care in their 5-page document to detail the benefits of their proposal, and implicitly suggest why it is superior to each. Let’s …
Senators Lieberman, Graham, and Kerry have come forward with a bold, new proposal on global warming… or not. Here is Senator Lieberman’s description of the “new” proposal: “You remember the artist formerly known as Prince?” Lieberman said. “This is the market-based system for punishing polluters previously known as ‘cap and trade.’ “ Who will be punished under this re-badged clunker? The Center for Data Analysis estimated that cap-and-trade legislation will cost the economy $7-9 trillion in lost national income and lead to millions of lost jobs (even after credit for …
In today’s Morning Bell, we wrote about the historically bad decision Attorney General Eric Holder made in announcing that Khalid Sheikh Mohammed and five other terrorists would be tried in a civilian court in New York City rather than before a military tribunal. Edwin Meese III, the Ronald Reagan Distinguished Fellow in Public Policy and Chairman of the Center for Legal and Judicial Studies at The Heritage Foundation as well as the United States Attorney General between 1985 and 1988, called Holder’s decisions a “a tragic mistake.” In the video …
