Now that the debate on cap-and-trade has stalled indefinitely in
the Senate, inquiring minds are wondering: what’s next? While
there’s no question the Democrats have declared a cease fire
on cap-and-trade—many of them want nothing to do with the issue—their
allies outside the Beltway are preparing a massive $20 million campaign
to push legislation forward.
This effort should serve as a wake-up call to anyone who believes
cap-and-trade is dead and buried—it is very much alive. So Republicans
remain ever vigilant, preparing to defeat any cap-and-trade energy
tax that will drive up unemployment, slow our economic recovery, and
make America less competitive in the global marketplace.
A key component of this pressure group campaign will be the so-called
“endangerment” finding now under review at the White House.
This finding under the Clean Air Act will declare that greenhouse
gases endanger public health and welfare, and thus will trigger a
cascade of new regulations that will crush small businesses and raise
electricity, food, and gasoline prices.
Green groups and the Obama Administration are threatening Congress
with this finding, arguing that the Waxman-Markey cap-and-trade bill,
or any cap-and-trade bill, will take care of it. They argue that cap-and-trade
is more efficient than command-and-control regulation. But this is
a smokescreen for the truth: cap-and-trade would simply substitute
one bad policy for another, as Congress would be replacing one energy
tax with another. Republicans reject both, and both should be defeated.





