Democrat Senators Kent Conrad and Byron Dorgan of North Dakota, Senator Blanche Lincoln of Arkansas and Ben Nelson of Nebraska say the Senate should abandon efforts to pass cap-and-trade this year.
Cap-and-trade legislation will require 60 votes to pass the Senate. According to Bloomberg, at least 15 of the Senate's 60 Democrats have said the House-passed version -- the Waxman-Markey cap-and-trade tax climate change legislation -- would hurt the economy and must be changed before they can support it. Most Republican Senators oppose the cap-and-trade measure.
The resistance by Senate Democrats Lincoln undercuts President Obama’s plan to cap carbon dioxide emissions and establish a market for trading pollution allowances. A plan that presidential candidate Obama said will cause electricity rates to "necessarily skyrocket" and will bankrupt anyone who builds a coal-powered plant.
Does Obama's cap-and-trade tax, face the same fate as President Clinton's BTU energy tax, which died in the Senate?
For more info: Only 19% believe the House cap and trade bill will help the economy ♦ House Democrats and 8 Republicans pass cap and trade ♦ Obama on cap and trade: 'electricity rates would necessarily skyrocket' ♦ Democrats rush cap and trade vote ♦ Obama will bankrupt the coal industry ♦ Dingell calls cap and trade a great big tax ♦ Obama climate change agenda hits Senate speed bumps ♦ Cap and trade will not save the earth
Comments
A greater awareness and concern for the world, and our neighbors is nothing to be discouraged, but the truth is often twisted in what the popular media tells listeners, and that creates a misplaced concern and harms real people. Luckily there is a emerging conservative voice. “Not Evil Just Wrong” is a film that is going to be released this fall. The film is an advocate of people and truth and will cause greater awareness where it needs to be revealed.
It's tax and crap bill that destroys our energy with complete dependence on foriegn oil! Coal will be illegal and no new Nuke power plants just wind and solar What a joke as is everything from Obama and the Communist agenda of Pelosi and Reid! Contyrol and tax America out of existence. I call for a recall on Obama for violations of the US constitution! I call for investigation between Obama and the now state communist proganda networks that all get their talking points from Axelrod and Rahm. Where is America?
Got something to say?
Examiner.com is looking for writers, photographers, and videographers to join the fastest growing group of local insiders. If you are interested in growing your online rep apply to be an Examiner today!