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  • Waxman-Markey

    Why Carafano Has it Right on Climate Change, Part II

    In response to Heritage analyst James Carafano’s paper, “National Security Not a Good Argument for Global Warming Legislation”, the American Security Project responded to four “myths” in Carafano’s piece. But their retaliatory facts ignore Carafano’s central premise that the Waxman-Markey cap and trade bill will do much more economic harm … More

    Cap and Trade: Giving More Than 100 Percent

    In 2007, during his presidential campaign, President Obama told Grist: I believe that, depending on how it is designed, a carbon tax accomplishes much of the same thing that a cap-and-trade program accomplishes. The danger in a cap-and-trade system is that the permits to emit greenhouse gases are given away … More

    Generous Assumptions on Cap and Trade Do Not Mask the Costs

    The Heritage Foundation recently released its economic analysis of the Waxman-Markey cap and trade bill, and unsurprisingly, found devastating results. The goal of cap and trade is to force energy prices to rise so high that people use less of it. And boy do they. Even under the most generous … More

    Manufacture This: 10 Democrats Express Concern over Cap and Trade

    Ten Senate Democrats recently expressed their concern over cap and trade legislation that would dramatically increase energy prices and particularly hurt the country’s manufacturing base. In a letter sent to the White House, Senators from Ohio, Indiana, Michigan, Pennsylvania, Wisconsin, Minnesota and West Virginia wrote: As Congress considers energy and … More

    Heritage Foundation Releases Economic Study of Waxman-Markey Cap and Trade Bill

    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. Since 85 percent of America’s energy needs are met through carbon-emitting fossil fuels, cap and trade would be a massive tax on … More

    Capping the Wild, Wild West's Carbon Emissions

    A look at the states hit hardest by the Waxman-Markey cap-and-trade policies immediately reveals a serious regional divide. The regions worst affected? About half the country. Testifying before a hearing of the Congressional Western Caucus, The Heritage Foundation’s Senior Policy Analyst Ben Lieberman elaborated: The disproportionate burden affects the West. … More

    Guest Bloggers: Congressmen Shadegg and Bishop on No Cost Stimulus

    The keys to stimulating our economy are private capital, small business innovation, reducing the burden big government imposes on the economy, and job creation. Several months ago, before the Democrats’ cap and trade bill was railroaded though Congress and before we faced their newly announced health care bill, we, along … More

    Heritage’s Ben Lieberman Sets the Record Straight on Europe’s Cap and Trade Experience

    As of late, when it comes to policymaking in Washington D.C., the trendy thing to do has been to point to Europe. Our Members of Congress are doing it with two of the largest reform policies currently on the table: health care and energy. With regards to energy, advocates of … More

    Morning Bell: EPA Admits Cap-and-Trade Will Fail

    The Senate Environment and Public Works Committee began their hearings on the 1,500 page Waxman-Markey cap-and-trade legislation Tuesday, and ranking member Senator James Inhofe (R-OK) won a startling admission from Environmental Protection Agency administrator Lisa Jackson. Inhofe produced an EPA chart generated last year during the Senate’s debate of the Lieberman-Warner … More

    EPA Admits Cap-and-Trade Won’t Work

    With the Waxman-Markey cap-and-trade bill passing the House on June 26th, we turn our attention to the Senate side of the debate. And it’s already starting: Cabinet officials pressed President Barack Obama’s case for climate-change and clean-energy legislation at a Senate hearing on Tuesday as lawmakers clashed over whether a … More