This past Monday, Senators Graham, Kerry, and Lieberman were expected to release their cap and trade bill. However, immigration reform put a damper on that.
For some reason, the push for immigration reform made Senator Graham take back his support for the cap and trade bill. The Democrats look like they are calling Graham on his concerns and could push back immigration reform.
When (if) the cap and trade bill is introduced, there will be lots of fanfare about how oil companies and utility companies support the bill (or at least aren?t opposing it).
However, there?s a reason for this support. They are being bought-off as I address in this AOL News op-ed and on CEI’s Globalwarming.org.
Don’t be fooled by the fanfare. While the environmental extremists and utility and oil companies benefit, the public will get harmed by a massive energy tax that will cut jobs, reduce personal income, and have a disproportionate impact on the poor.
From a political perspective: Why would Republicans want to support this energy tax and thereby undermine any momentum they have as a result of opposing the health care bill?
