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  • Waxman-Markey

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

    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

    Cap and Trading Your Job In for Unemployment Insurance

    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

    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

    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

    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

    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)

    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)

    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

    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

    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