Sen. James Inhofe of Oklahoma, the panel's top Republican, [Senate Environment and Public Works Committee] said the cap-and-trade system would amount to the largest tax increase in American history, a statement echoed by many Republicans but shot down by Democrats including Sen. Barbara Boxer of California, who chairs the committee.
"There are no new taxes," Ms. Boxer said Tuesday morning.
What in the world is she thinking?
Contact your Senators, folks. This is a bad, bad bill.
EPA Administrator Jackson confirmed an EPA analysis showing that unilateral U.S. action to reduce greenhouse gas emissions would have no effect on climate. Moreover, when presented with an EPA chart depicting that outcome, Energy Secretary Steven Chu said he disagreed with EPA’s analysis.
“I believe the central parts of the [EPA] chart are that U.S. action alone will not impact world CO2 levels,” Administrator Jackson said.
Sen. James Inhofe (R-Okla.) presented the chart to both Jackson and Secretary Chu, which shows that meaningful emissions reductions cannot occur without aggressive action by China, India, and other developing countries. “I am encouraged that Administrator Jackson agrees that unilateral action by the U.S. will be all cost for no climate gain,” Sen. Inhofe said. “With China and India recently issuing statements of defiant opposition to mandatory emissions controls, acting alone through the job-killing Waxman-Markey bill would impose severe economic burdens on American consumers, businesses, and families, all without any impact on climate.
Waxman is off the Mark
Inhofe: Waxman-Markey Dead in the Water?
What's in the Waxman-Markey Bill?
Fun Facts on Cap and Trade
The Cap and Trade Anti-Stimulus
See also: The American Issues Project