Last year, the US Senate tried to advance a national energy tax, which masquerades as a cap-and-trade program, sponsored by Senators Joseph Lieberman (I-CT) and John Warner (R-VA). After the policy was defeated, ten Democrats sent a letter to Senate Majority Leader Harry Reid (D-NV) and Senator Barbara Boxer (D-CA), Chairman of the Committee on Environment and Public Works, stating their opposition to the proposed plan. The Senators, all from “regions of the country that will be most immediately affected by climate legislation,” believed the plan would harm their local …
Nothing. Zip. Zero. Zilch. There are no benefits for the American people in the Waxman-Markey energy tax bill. Whenever defenders of the free market point out how much an energy tax will cost the economy, the enviro-left always tries to change the subject to “the cost of inaction.” But here is the dirty little secret about Waxman-Markey: it does nothing to prevent global warming/climate change whatever you want to call it. And that is before House Democrats gutted the bill. Climatologist Chip Knappenberger crunched the numbers and found: A full …
According to the latest reports from Capitol Hill, House Democrats are busy gutting the Waxman-Markey energy tax bill in an effort to keep its economic costs low. They have a lot of work to do. The Heritage Foundation’s Center for Data Analysis has just completed their study of the March 20th version of the Waxman-Markey legislation and the results are not pretty. Waxman-Markey would: Reduce aggregate gross domestic product (GDP) by $7.4 trillion Destroy 844,000 jobs on average, with peak years seeing unemployment rise by over 1,900,000 jobs Raise electricity …
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 earth’s future temperature by one or two tenths of a degree C by the end of the century. The Waxman-Markey cap and trade bill seeks to combat global warming by forcing down emissions of greenhouse gases, chiefly carbon dioxide emitted …
