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    • Waxman-Markey

    Cap and Trading Your Job In for Unemployment Insurance

    May 21, 2009 at 3:33 pm

    5 Comments

    Title IV, Subtitle B, Part 2, Section 426 of the Waxman-Markey cap and trade legislation: An eligible worker (specifically, workers who lose their jobs as a result of this measure) may receive a climate change adjustment allowance under this subsection for a period of not longer than 156 weeks…80 percent … More

    How to Get Through a 946-Page Global Warming Bill

    May 21, 2009 at 10:34 am

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    What do you do when you want to pass some of the costliest legislation in history that will strip $4300 away from the average family in higher energy taxes? Hire a speed reader, of course: “Democrats in the House Energy and Commerce Committee have taken a novel precaution to head … More

    Son of Waxman-Markey: Why More Politics Makes for a More Costly Cap and Trade Bill

    May 20, 2009 at 11:38 am

    6 Comments

    After making changes to draft legislation of the Waxman-Markey cap and trade climate legislation, the economic impact of the new draft (the Son of Waxman-Markey) varies from that of the original draft in several major ways: • Compared to no cap and trade, real GDP losses increase an additional $2 … More

    Morning Bell: The Waxman-Markey Pay to Play

    May 20, 2009 at 9:01 am

    26 Comments

    When Congress passed its last major energy legislation in 2005, a minor provision was added late in the legislative process that created a $1-per-gallon tax credit for “renewable diesel” fuel created through “thermal depolymerization.” The measure was included to benefit a single firm that produced boiler fuel from turkey waste, … More

    Morning Bell: Avoid California’s Mistakes

    May 19, 2009 at 8:49 am

    37 Comments

    Today voters in California will go to the polls to decide the fate of six ballot propositions, four of which would raise taxes on Californians. Gov. Arnold Schwarzenegger has pushed heavily for all six ballot measures which are designed to close the state’s $15 billion budget shortfall. But even though … More

    Capping the Poor’s Ability to Prosper (Part 9 in a 10-Part Series)

    May 18, 2009 at 4:06 pm

    9 Comments

    The difference between the price of a gallon of milk at a local grocery store and a corner market or convenient store may be modest, but add it up over the course of a few years, as well as paying higher prices for the rest of your groceries, and the … More

    Doomed to Repeat Energy Tax History? (Part 8 in a 10-Part Series)

    May 18, 2009 at 12:45 pm

    4 Comments

    A national energy tax, which masks as a cap-and-trade program, could produce a substantial public backlash. According to a recent CNN poll, a majority of Americans already believe that such a job-killing energy tax that produces little or no environmental gain is not a good idea. This is not the … More

    Politics of Cap and Trade Just Cost You $2 Trillion

    May 18, 2009 at 10:44 am

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    The New York Times reported Saturday: How did cap and trade, hatched as an academic theory in obscure economic journals half a century ago, become the policy of choice in the debate over how to slow the heating of the planet? … The answer is not to be found in … More

    Morning Bell: The Costs and Benefits of Waxman-Markey

    May 18, 2009 at 9:28 am

    39 Comments

    Today the House Energy and Commerce Committee will begin a multi-day markup on the Waxman-Markey energy tax bill. Committee Chairman Henry Waxman (D-CA) has been busy lobbying his own caucus for the necessary 30 votes to get the bill out of committee for weeks, but the bill’s fate is still … More

    The $4300 Energy Tax

    May 15, 2009 at 3:59 pm

    20 Comments

    There have been a lot of numbers floating around measuring the costs of cap and trade. For instance, a study by MIT professor John Reilly shows a carbon cap and trade would cost the average American household $3,900 a year. $800 of that figure comes from, according to Reilly, “the … More

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    A Bumper Crop of Food Stamps

    Tweet this Where do food stamps come from? They come from taxpayers—certainly not from family farms. Yet the “farm” bill, a recurring subsidy-fest in Congress, is actually 80 percent food stamps and other government nutrition programs. The food stamps sweeten the farm deal for lawmakers, who admit that the combination … More

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