Kerry-Lieberman-Graham-Boxer-Waxman-Markey
Dan Holler /
Yesterday, Senators John Kerry (D-MA), Joseph Lieberman (I-CT) and Lindsey Graham (R-SC) unveiled an outline of their cap-and-trade proposal. Interestingly, their version of a national tax on American energy is hard to distinguish from earlier proposals such as the House-passed Waxman-Markey or the Senate committee-passed Boxer-Kerry.
All of these proposals have one thing in common: they hurt the economy. However, the Senators Kerry, Lieberman and Graham take great care in their 5-page document to detail the benefits of their proposal, and implicitly suggest why it is superior to each. Let’s debunk the major claims.