Thursday, June 05, 2008
Tax and Tax
There's really nothing remarkable in Tony Perkins's latest Washington Update
. Democrats are bad, historically bad, nothing like this has ever happened before...blah blah blah. This is interesting, though:
This time around, Senator Reid promised that at least three [judicial] nominees
would be confirmed by Memorial Day; however, that holiday came and went
with only one nominee approved. In response Senator McConnell used
Senate procedure to temporarily delay the disastrous global warming cap
and tax bill currently being debated on the Senate floor. We hope this
is a precursor to even bolder action.
In common parlance, the Senate bill would set up a cap and trade system. You cap the amount of carbon emissions permitted, then allow companies that reduce emissions below the cap amount to sell their excess reductions to other companies. The Family Research Council is calling this "cap and tax". The AFA is calling it "tax and trade". It doesn't matter, I suppose, as long as they can call it some kind of a "tax".