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Cap-and-Trade Gets 'Radical' Overhaul in Senate

Kerry, Lieberman, and Graham are crafting an alternative

By John Johnson,  Newser Staff

Posted Feb 27, 2010 11:00 AM CST

(Newser) – So long, cap-and-trade. The idea is all but dead in the Senate, with Joe Lieberman, John Kerry, and Lindsey Graham working on what the Washington Post calls a "radical, behind-the-scenes overhaul" of the bill to curb greenhouse gases. It's expected to be unveiled next month. Though cap-and-trade has passed the House and been the main legislative approach for a decade, it simply has too many political and corporate opponents to survive in the Senate, write Juliet Eilperin and Steven Mufson.

"This is a different bill," says Lieberman. "We haven't abandoned the market-based idea, but we're willing to negotiate with colleagues who have different ideas." The details are murky, but in broad strokes it deals separately with electric utilities, transportation, and industrial facilities. One specific example: Motor fuel might see a carbon tax that would be used toward the push for electric cars. The bill also might resurrect the idea of cap-and-dividend, in which some of the money raised goes directly back to consumers.

A flock of geese fly past a smokestack at the Jeffery Energy Center coal power plant near Emmitt, Kan. Saturday, Jan. 10, 2009.
A flock of geese fly past a smokestack at the Jeffery Energy Center coal power plant near Emmitt, Kan. Saturday, Jan. 10, 2009.   (AP Photo/Charlie Riedel)
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COMMENTS
Showing 3 of 29 comments
BackAgain
Mar 1, 2010 3:02 PM CST
Another government money grab hiding inside tree hugging crap. Heard about the school that has bats but they cannot kill them because they are "endangered". How much is this nonsense going to cost taxpayers?
DIAPERCAKE
Feb 28, 2010 12:41 PM CST
I am chopping down a tree in this bills honor.
DontLikeYou___
Feb 28, 2010 5:33 AM CST
Cap and Tax is dead. Won't happen. Obamacare is dead-- won't happen. These types of stories are presented to "rally the liberal troops". I sure hope it makes you feel better because you will not see any of these Socialist, Globalist bills pass this Congress. Nope. Won't happen.

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