Saw this referenced over at Right Wing News. Some Senators are thinking about abandoning the Cap & Trade tax garbage.
Senators to propose abandoning cap-and-trade
"Three key senators are engaged in a radical behind-the-scenes overhaul of climate legislation, preparing to jettison the broad "cap-and-trade" approach that has defined the legislative debate for close to a decade."
A good thing, right? Yes and no. Yes, in that they realize that Cap & Trade is pretty much dead. No, in that they are contemplating something almost as bad. But, remember, this is government we are talking about. And government is about force and control, nothing more.
"Graham and Sens. John F. Kerry (D-Mass.) and Joseph I. Lieberman (I-Conn.) have worked for months to develop an alternative to cap-and-trade, which the House approved eight months ago....
According to several sources familiar with the process, the lawmakers are looking at cutting the nation's greenhouse gas output by targeting, in separate ways, three major sources of emissions: electric utilities, transportation and industry.
Power plants would face an overall cap on emissions that would become more stringent over time; motor fuel may be subject to a carbon tax whose proceeds could help electrify the U.S. transportation sector; and industrial facilities would be exempted from a cap on emissions for several years before it is phased in...."
For a start, there is basically NO man-made global warming or climate change, so this legislation is idiotic from the very beginning. It is not necessary!
The regulation will absolutely crush the economy and drive what little manufacturing we have overseas, but there is one aspect that screams out in stupidity. They are going to cap emission from power plants, then tax the hell out of gas to help pay for the electrification of the transportation system. Where are they going to get the electricity from? Remember they are going to cap emissions from POWER PLANTS!!! Do these people think through anything?
There is some talk in the proposed bill that would expand drilling and authorize more nuclear plants, but we know that part will never happen.
Remember, these climate bills, like the health-care bills, are about control only. They solve nothing.
Sweep Congress clean in 2010! They ALL need to go.