Commentary: Senate bill is still "cap and tax"

05/17/2010 | Wall Street Journal, The

The recently unveiled Senate climate-and-energy proposal is still "cap and tax" legislation despite the efforts of authors Sens. John Kerry, D-Mass., and Joseph Lieberman, I-Conn., not to label it as such, according to this opinion article. The bill's main innovation -- to issue separate rules for transportation, utilities and manufacturing -- was intended to purchase industry backing by offering sweeteners and to hide the taxes that will be imposed on all forms of carbon-derived energy, the article argues.

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Wall Street Journal, The

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