Tuesday, August 18, 2009

Cap and Tax Bill"

From Bloomberg:
Climate Bill ‘Out of Control,’ Former Senator Says

Aug. 18 (Bloomberg) -- Cap-and-trade legislation to limit U.S. carbon dioxide emissions has “gotten out of control” and needs to be scaled back in Congress, said former Democratic Senator Timothy Wirth.

“The Republicans are right -- it’s a cap-and-tax bill,” Wirth, a climate-change negotiator during President Bill Clinton’s administration, said in an Aug. 14 interview. “That’s what it is because they are raising revenue to do all sorts of things, especially to take care of the coal industry, and it makes no sense.”

Good on Senator Wirth for speaking out.

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