Reps. Waxman and Markey Make Nonsensical Cap-and-Trade Pitch in WaPo

by William Yeatman on February 27, 2012

in Blog

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In Friday’s Washington Post, Reps. Henry Waxman (D-Beverly Hills) and Ed Markey (D-Massachusetts) pitched cap-and-trade as a means to balance the budget. According to the Congressmen,

“The debate over how to reduce our nation’s debt has been presented as a dilemma between cutting spending on programs Americans cherish or raising taxes on American job creators. But there is a better way: We could slash our debt by making power plants and oil refineries pay for the carbon emissions that endanger our health and environment.”

This statement is absurd. By design, a cap-and-trade policy makes conventional energy more expensive. It is, therefore, functionally equivalent to a tax on a commodity—energy—that is fundamental to every act of economic production. It’s an economy wide tax. In effect, Reps. Waxman and Markey are claiming that a broad consumption tax (cap-and-trade) avoids “the difficult dilemma” of raising taxes, which doesn’t make any sense. Fortunately, these two Congressmen are in the minority party in the House, so their policy idea is a non-starter.

Jerry L. Smith February 27, 2012 at 3:28 pm

If Moe and Smoe here (names are interchangeable between the two, they both answer to either name) make it back to the majority it will be time to become VERY AFRAID! Don’t forget the fact that the term “dumb and dumber” was created for this pair. However, when you look over to the Senate you can scare the pants off yourself much faster if you hear Al Franken-stein talk about global warming/climate change. Did you ever wonder why the term “moron” was coined? try to have a nice day now …….ya hear

Zein E Obagi February 27, 2012 at 9:39 pm

Defeat Henry Waxman in November. Donate to my campaign for Congress today at Begin the path to energy independence, eliminating government waste and inefficient bureaucracy.

Zein E Obagi February 27, 2012 at 9:39 pm

Go to my website and make a contribution to get Waxman out!

Tom Markowitz February 28, 2012 at 12:37 pm

Cap and Trade started out as a success. The administration of George H.W. Bush created a Cap and Trade system for smog gases from electric power generators. This modest Cap and Trade system was a big success. Pollution went down, at minimal cost to consumers.

Unfortunately, the early success of Cap and Trade created a stampede by politicians. At the beginning, Cap and Trade was not intended to be a tax scheme. Waxman and Markey should study the history of the original successful Cap and Trade systems, before proposing Cap and Trade as a source of government revenue.

Jeff in 2012 February 28, 2012 at 10:57 pm

Good Luck Zein! and go to to help get Ed Markey out too! America DOES have a choice!

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