Liberal Senators Barbara Boxer and John Kerry have outdone themselves. They found a way to make their version of cap and tax even more expensive than the Waxman-Markey House version.
Iain Murray brings us some of the highlights.
At 11:30 a.m. today, senators from California and Massachusetts emulated their state colleagues in the House, Representatives Waxman and Markey, by introducing the Boxer-Kerry cap-and-trade bill. This may be it, although it is ever-changing. It contains the same basic content as the House bill, but aims to be “stricter” (read: more expensive) by asking for 20 percent reductions in emissions by 2020, rather than the 17 percent demanded by the House. (As an aside: Look for forthcoming economic analyses from EPA, etc., that will somehow conclude this will be cheaper than the House bill).
Here’s a quick summary from Greenwire of the main points and differences from the the House Bill. My comments are in italics. ….
Funny isn’t it. These are the same liberals who blast manufacturers and employers who move operations overseas. Now they’re pushing legislation that will force even more employers to high tail it out of here.
