Monday, September 28, 2009

Boxer, Kerry to introduce Senate version of cap and trade

What could go wrong?
The Boxer-Kerry bill will build in large part off H.R. 2454, legislation approved in June by the House following several marathon months of negotiations that involved lawmakers representing coastal and industry-heavy districts. Exactly what is the same in the two bills remains to be seen. As for differences, Senate Democratic aides say they expect the legislation to divert from the House bill's 17 percent emissions target for 2020 and go with an even more aggressive 20 percent limit. The bill also will stay silent on exactly how the Senate should divide up emission allowances.
The Democrats are determined not to let this steaming pile of crap die the ignominious death it deserves.

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