I don’t care which side of the global warming issue you fall on, cap and trade is nothing but a tax. It has no effect and a Republican senator got it right. I just didn’t believe it when I read it first, and it now looks like I was right.
From Jae and prometheus, proof that there is still some small sanity in congress.
Prometheus.
From the prometheus blog link above
The ability of Congressional legislation on cap and trade to result in actual emissions reductions was dealt a serious blow yesterday. An Amendment was introduced by Senator John Thune (R-SD) on the Budget Resolution and its text is as follows:
To amend the deficit-neutral reserve fund for climate change legislation to require that such legislation does not increase electricity or gasoline prices.
Well I got pretty excited until I found this amendment to the amendment. Right from Barbera Boxer, apparently this freed up some democrat votes.
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