CBO strikes again – Democrats’ cap-and-tax would hurt the economy

By: Dan Spencer (Diary)  |  October 15th at 08:57 AM  | 

The Director of the Congressional Budget Office, Douglas W. Elmendorf, told the Senate Energy and Natural Resources Committee that the House-passed Waxman-Markey cap-and-trade tax climate change legislation – would slow the economy and would cause “significant” job losses in fossil fuel industries: We want to leave no misunderstanding that aggregate performance — the fact that jobs turn up somewhere else for some people — does | Read More »

Senate Democrats: cap and trade should be delayed

By: Dan Spencer (Diary)  |  August 14th at 06:44 AM  | 

Democrat Senators Kent Conrad and Byron Dorgan of North Dakota, Senator Blanche Lincoln of Arkansas and Ben Nelson of Nebraska say the Senate should abandon efforts to pass cap-and-trade this year. Cap-and-trade legislation will require 60 votes to pass the Senate. According to Bloomberg, at least 15 of the Senate’s 60 Democrats have said the House-passed version — the Waxman-Markey cap-and-trade tax climate change legislation | Read More »