Wednesday, September 30, 2009

Senate Working Out Its Version of Cap and Trade Bill

Now that the House has come up with a plan to tie business down with new regulations that don't do anything constructive, the Senate has come up with its own plan.

Senators Kerry (D-MA) and Boxer (D-CA) have come up with a plan that is more ambitious than the Waxman-Markey bill in the House. I have already covered an analysis of the costs associated with the House bill here.

Although Democrats promise all kinds of new jobs with this legislation, nowhere in the legislation does it spell out where those jobs will come from, what they will be or how much they will pay. It's pie in the sky, just talking points for people that get paid to talk and not produce.

You can find the House version of the bill here in PDF.

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