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House pass cap and trade seen as first step to higher energy costs
Daily Telegraph columnist James H. Shott argues the Waxman-Markey cap and trade bill, passed narrowly by 7 votes, would raise electricity and overall energy costs, harm GDP, and burden families. He notes benefits claimed by supporters and cites CBO estimates and Heritage Foundation projections. The piece frames the vote as politically risky ahead of July Fourth and echoes bipartisan skepticism about energy tax measures.
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House of Representatives
House
Henry Waxman
Dcalif
Hill
Patrick Kennedy
D-R.l
Kennedy
Mr. Kennedy
Virginia
Rick Boucher
West Virginia
Nick Rahall
Heritage Foundation
Barack Obama
San Francisco Chronicle
Heritage
Congressional Budget Office
CBO
Waxman-Markey
Michigan
Thaddeus McCotter
Congress
Nancy Pelosi
D-Calif
Greenpeace
Senate
U.S
Fourth Estate
John F. Kennedy
West Wing
Franklin Roosevelt
White House
Obama
Huffington Post
Robert Gibbs