The Obama administration is sending mixed messages on energy policy. On the one hand, Obama’s top budget guru Peter Orszag told Congress last year that a cap-and-trade is designed to raise the price of energy. On the other, the President says a cap-and-trade would spur economic growth.
Taxes and economic growth are mutually exclusive, so it seems as if President Obama is trying to have his cake and eat it, too.
To understand what the Obama administration is really thinking about energy…
CEI’s Chris Horner used the Freedom of Information Act to uncover internal documents from the Obama administration in which Treasury Department officials admit that a cap-and-trade would impose a steep energy tax on American families.
The Treasury Department’s admission contradicts claims by Democratic leadership that a cap-and-trade energy rationing scheme would boost the economy. In fact, a massive new energy tax (Department officials suggest that a cap-and-trade would cost consumers hundreds of billions of dollars) would depress economic growth by increasing…
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