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Friday, April 03, 2009
Donald Lambro :: Townhall.com Columnist
Obama's Tax Proposals Cap Economic Growth
by Donald Lambro
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WASHINGTON -- I recently predicted that President Obama's cap-and-trade energy taxes would be the first casualty of his ambitious legislative agenda.

A bipartisan group of Senate Democrats and Republicans drove the first nail into its coffin by adding an amendment to the pending budget resolution. The amendment will deny carbon-emissions-tax supporters the use of a fast-track budget reconciliation rule to limit debate and pass their tax scheme by a simple majority, skirting the tougher 60-vote hurdle to end debate and quickly move to consideration of the measure.

Senate Democratic leaders do not have the 60 votes to bring cap-and-trade to an up-or-down vote. And even if they had 60 members of their party in the Senate, they would lose many, if not most, Midwestern and Gulf State Democrats who fear that Al Gore's so-called climate-change tax scheme on all carbon emissions would be the death knell of their states' oil- and gas-powered economies.

Wednesday's vote on an amendment by Nebraska Republican Sen. Mike Johanns was a major setback for the White House and top Democratic leaders in Congress. Twenty-six Democrats joined 41 Republicans in the 67-31 vote to insert the amendment into the budget resolution.

The Democrat who first predicted the demise of Obama's energy tax is Bill Galston, President Clinton's chief White House domestic policy adviser and a longtime policy strategist (also a senior fellow at the Brookings Institution).

"It is gradually dawning on Washington that cap-and-trade legislation won't pass anytime soon -- certainly not this year, and probably not next year either," Galston wrote in a blog last month that was widely read on Capitol Hill and in the White House.

But cap-and-trade is still alive and breathing in the House, where liberal Democratic Reps. Henry Waxman of California and Edward Markey of Massachusetts unveiled their 648-page bill last week for rationing energy use in the United States.

Lawmakers in both parties were aghast when they read the bill's fine print. "The Democrats' ruse of an energy plan is nothing more than a regressive tax being offered when families, small businesses and farmers ... can least afford it," said GOP Rep. Roy Blunt of Missouri.

"Their proposal will cost any family that turns on a light switch, drives a car, plugs in an appliance, or purchases an American-made item an extra $3,100 a year," he said.

The Waxman-Markey bill would be especially damaging to Blunt's home state where, he said, "almost 90 percent of electricity is coal-generated."

A Massachusetts Institute of Technology analysis of a less-intrusive cap-and-trade plan estimated it would cost about $3,128 per household nationally.

"Waxman and Markey blithely set targets for reducing greenhouse-gas emissions without any serious analysis or even awareness of the colossal costs of energy rationing to American consumers, workers and industry," said Myron Ebell, director of energy and global-warming policy at the Competitive Enterprise Institute (CEI).

"Beyond these enormous economic costs, Waxman-Markey would put big government in charge of how much energy people can use. It would be the biggest government intervention in people's lives since the Second World War, which was the last time people had to have rationing coupons in order to buy a gallon of gas," Ebell wrote in a CEI analysis of the bill. Continued...

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About The Author

Donald Lambro is chief political correspondent for The Washington Times.

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Hanging on by a thread
The Anthropogenic Global Warming paradigm is beginning to unravel as a growing number of scientists, including noted climatologists, statisticians and computer scientists, dispute the underlying theory, analytic methodology and the accuracy of the IPCC computer models. If they are correct implementation of Cap & Trade policies will result in the most economically damaging hoax ever perpetrated on the world by a political and scientific community that have spent decades & billions of research dollars specifically directed at proving that CO2 is a noxious polluting gas. Political and scientific reputations and the integrity of the Nobel Peace Prize (which cannot be revoked according to the statutes of the Nobel Foundation, Section 10) hang in the balance. Anyone anticipating a timely resolution of a "debate that's over," according to Al Gore, will be disappointed. We, those who reject the AGW theory and the intentionally created atmosphere of fear, can only wait and hope that resolution comes before any damage is done to an already tenuous global economy.

Ron
Looks like some Democrats agree with Republicans on Cap and Trade. By the way, I will gladly send you my energy bill or the cost of the increase IF and When the CAP and Trade bill passes.

Wake up, Ron, the trading of Carbon Credits is a scheme for Wall Street, and other companies to make BILLIONS on this plan.

Otherwise, why wouldn't Obama just tax those companies directly instead using a scheme to trade credits that generate income for certain parties. Who sets the standards for receiving carbon credits? Well, Uncle Sam would and it would decide who would need to buy them. It a money making scheme that started in the 1990's and then cheerleaded by Al Gore, who by the way, sits of a board of a company that guess what? Has carbon credits..nooooo it couldn't be Gore has an agenda.
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