Here Comes Cap and Tax/Rape Obama Should Turn to ‘Cap-and-Trade’ for Growth, Boxer Says

Obama Should Turn to ‘Cap-and-Trade’ for Growth, Boxer Says
http://www.bloomberg.com/apps/news?pid=20601087&sid=ay7rLF9whXE0

Oct. 4 (Bloomberg) -- President Barack Obama should consider legislation to limit greenhouse gas emissions as he looks for new ways to speed the U.S. economy’s recovery from the recession, said Senator Barbara Boxer, a California Democrat.

Boxer and Senator John Kerry, a Massachusetts Democrat, last week unveiled a “cap-and-trade” proposal to cut U.S. greenhouse gases 20 percent below 2005 levels by 2020. In June, the House passed a cap-and-trade plan with a 17 percent cut.

After the Labor Department reported that the U.S. unemployment rate hit 9.8 percent last month, the highest level since 1983, Obama said he was working to “explore any and all additional” means of spurring growth. Obama signed a $787 billion stimulus package in February.

Asked on CNN’s “State of the Union” what extra steps the White House should take to stimulate the economy, Boxer said “it could be moving forward with an energy bill.”

Since cap-and-trade legislation, allowing the federal government to issue a limited number of carbon dioxide permits that firms could buy and sell, passed the House 219-212 in June, it has taken a back seat to the debate over health-care reform in the Senate.

Environmentalists want Congress to pass and Obama to sign a cap-and-trade bill before December, when the United Nations will host more than 190 nations in Copenhagen for negotiations over a new global agreement to cut emissions.

Carol Browner, the White House’s top energy adviser, said Oct. 2 a cap-and-trade bill signing is “not likely” before the Copenhagen talks, despite Obama’s support for the concept.

Venture Capital

Venture capitalists “are ready to pour multibillions of dollars into clean energy” if Congress passes “some kind of bill that talks about energy independence and climate change,” Boxer said.

Advocates of cap-and-trade have said it is less costly for industry than the Environmental Protection Agency requiring firms to use less-polluting energy technologies.

The EPA said Sept. 30, the same day Boxer and Kerry announced their cap-and-trade bill, that it will require newly built or modified industrial facilities that produce more than 25,000 tons of carbon dioxide a year to use “best available control technologies and energy efficiency measures.”

Rather than stimulate the economy through investments in cleaner energy sources, Republicans have said cap-and-trade will raise the cost of the existing sources that fuel the economy and hinder growth.

“Don’t be pushing bills like cap-and-trade, which are big job killers,” Senator Jon Kyl, an Arizona Republican, said on the same CNN program as Boxer.

The Boxer-Kerry cap-and-trade bill also has critics within the Democratic Party. Senator Jay Rockefeller, a West Virginia Democrat, said Sept. 30 the bill’s 20 percent cut in emissions by 2020 is “unrealistic and harmful.”

Views: 20

Reply to This

"Destroying the New World Order"

TOP CONTENT THIS WEEK

THANK YOU FOR SUPPORTING THE SITE!

mobile page

12160.info/m

12160 Administrators

 

Latest Activity

Sandy posted a video

Dr. Mike Yeadon Speaks Out Against Digital ID, CBDCs, and Agenda 2030

Dr. Mike Yeadon, ex-Pfizer VP, urges public rejection of digital ID, CBDCs, and Agenda 2030, warning of future restrictions on freedom and privacy.
1 hour ago
Doc Vega posted blog posts
8 hours ago
Burbia posted a video

"EVERYONE'S BEEN SHOT UP HERE": Arsonists Set Wildfire In Idaho, Open Fire On Firefighters, Police

- Shocking news just broke that multiple firefighters and officers were shot in an ambush at the Canfield Mountain Natural Area in Coeur d'Alene, Idaho.Acco...
yesterday
Doc Vega posted a blog post

The Draconian Show

Sometimes I talk to my invisible friend, IkeHe comes from another dimension when magnetic fields…See More
Friday
tjdavis posted a blog post
Thursday
Doc Vega posted a blog post
Wednesday
Doc Vega posted blog posts
Jun 24
Doc Vega posted blog posts
Jun 23
Doc Vega favorited tjdavis's photo
Jun 22
Doc Vega commented on tjdavis's photo
Thumbnail

Game Night

"Ha! Good one!"
Jun 22
Doc Vega commented on FREEDOMROX's blog post MRNA VACCINES: Question
"Listen man I know where you're at but back in October of 2023 thru December of 2023 for months…"
Jun 22
tjdavis posted a video

Architecton | Official Trailer HD | A24

SUBSCRIBE: http://bit.ly/A24subscribeWritten and directed by Victor Kossakovsky and starring Michele De Lucchi. ARCHITECTON – Coming Soon RELEASE DATE: Comin...
Jun 22
tjdavis posted photos
Jun 22
tjdavis posted a blog post
Jun 21
Burbia posted a video

Europe Will Not Survive

The hubris.All things Archaix at www.archaix.com
Jun 21
FREEDOMROX posted a video
Jun 21
Burbia commented on tjdavis's blog post Track AIPAC
Jun 20
rlionhearted_3 commented on Doc Vega's blog post Latest Details on Missile Exchanges Between Iran and Israel
"May get really ugly over there?"
Jun 20
Doc Vega posted a blog post

Latest Details on Missile Exchanges Between Iran and Israel

Latest information about the air attacks between Israel and Iran as the US moves another carrier…See More
Jun 19
tjdavis favorited Less Prone's video
Jun 19

© 2025   Created by truth.   Powered by

Badges  |  Report an Issue  |  Terms of Service

content and site copyright 12160.info 2007-2019 - all rights reserved. unless otherwise noted