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.




