Several weeks ago we received a letter from Chairman Henry Waxman of the House Energy and Commerce Committee requesting information concerning our economic modeling of H.R. 2454, the American Clean Energy and Security Act. We quickly responded (our answers are available here). Several other organizations and government agencies also received the same request including the Environmental Protection Agency (EPA), Energy Information Administration (EIA), Massachusetts Institute of Technology (MIT), CRA International, the American Council for Capital Formation (ACCF), and the National Resource Defense Council (NRDC). Notably missing from this list were …
KILLS MORE JOBS AND KILLS THE ECONOMY Cap and Tax Top Ten List Cap and Trade Is a Massive Energy Tax It Will Not Make a Substantive Impact on the Environment It Will Kill Jobs It Will Cause Electricity Bills and Gas Prices to Sharply Increase It Will Outsource Manufacturing Jobs and Hurt Free Trade It Will Make You Choose Between Energy, Groceries, Clothing, and Haircuts It Will Be Highly Susceptible to Fraud and Corruption It Will Hurt Senior Citizens, the Poor, and the Unemployed the Worst It Will Cost …
Just as in Spain, subsidizing renewable energy in America would create increasingly large debt bubbles, according to Dr. Gabriel Calzada of the Universidad Rey Juan Carlos in Spain, the recent author of a study on renewables’ effects on employment there. “Once you start on this path of putting public money up to make it possible for renewable energies to succeed-you create a huge problem that needs continuous amounts of money,” he said, adding that a short-term glut of “green jobs” masks fundamental problems in the medium and longterm. “Most of …
Republicans and Democrats alike are voicing their concerns over the Clean Energy and Security Act that includes a renewable portfolio standard, federal spending for clean energy technology, and above all else, a cap-and-tax program that would attempt to reduce carbon dioxide emissions. Introduced by Chairman Henry Waxman (D–CA) of the House Energy and Commerce Committee and Chairman Edward Markey (D–MA) of the House Energy and Environment Subcommittee, the bill would have devastating long-term economic effects, which in turn, is causing Members of Congress from both sides of the aisle to …
House Republicans scored a significant victory in their war on earmarks today when influential Democrat Rep. Henry Waxman, chairman of the Oversight and Government Reform Committee, broke with party leaders to call for an immediate moratorium on earmarks in 2009 spending bills. I think our best approach would be to suspend all earmarks for the 2009 appropriations cycle while we consider the right reforms for the earmark process. As a result, I will not submit any requests to the Appropriations Committee for this fiscal year. I look forward, however, to …
