Wednesday, June 30, 2010

Die Cap and Trade!

Cap and trade legislation in the US has already passed the House and is now going on to the Senate. It had a ton of trouble just barely passing the House in a very watered-down form. I'll actually be happy if it gets defeated. Cap and trade is a waste of time and money. A carbon tax combined with income tax rebates is much better for the environment, people and the economy. I hope that in the not-so-far future, St├ęphane Dion's Green Shift makes a comeback in Canadian politics. The one who pioneers it will have to explain it much better so that we will better understand how it will help us. Our taxes get cut, while our emissions get reduced. Everyone wins except big polluters.
Other than maybe Jason in Friday the 13th, nothing has supposedly died and come back to life more often than climate legislation and carbon cap-and-trade. A year ago, thanks in part to fierce opposition from business interests led by the Chamber of Commerce, the cap-and-trade bill cosponsored by Henry Waxman and Edward Markey just barely passed the House of Representatives, 219 to 212. As Eric Pooley writes in his great new book The Climate War, House Speaker Nancy Pelosi had to wield a mean whip to get her members in line for the vote. (Just eight Republicans voted for Waxman-Markey, and 44 Democrats opposed it.)
Read more at Time Magazine.

1 comment:

  1. Good policy mentioned on an liblogs? Excuse me I'm feeling faint.

    A Laughing liberal


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