Source: National Journal
By Marlo Lewis
Why is there is no momentum in Congress for the “comprehensive energy and climate legislation” once proudly championed by the Obama administration and environmental activists?
Starting with the most obvious reasons, 29 Democrats who voted for the Waxman-Markey cap-and-trade bill in June 2009 got pink slips from their constituents in November 2010. Key to defeating Waxman-Markey was its exposure as a stealth energy tax. This prompted a search for “other ways to skin the cat,” but finding other ways to fool the public was not easy.
With few options to pick from, some climate activists now advocate carbon taxes. Most congressional Democrats, however, are reluctant to tax carbon unless the GOP gives them bipartisan cover. But most Republicans realize that if they cave on carbon taxes, they will demoralize and divide their base.
In addition, few members of Congress want to take responsibility for raising energy prices during a period of high unemployment and anemic economic growth. (more…)