As we outlined earlier today, a cap-and-trade policy would pose a grave threat to the U.S. economy. Yet that won’t stop Congress from charging ahead during the first week of June on the Lieberman-Warner Climate Security Act of 2008.
The Heritage Foundation has secured a copy of a complete substitute of the amendment (here and here) to be considered by the Senate when lawmakers return from their Memorial Day recess. Like we did last year during the debates over immigration reform and the omnibus spending bill, we’ve made the text available to you for review.
It is important that American citizens know what’s in this legislation before the Senate acts on the bill. After all, it will dramatically increase the price of energy and create a new bureaucratic cap-and-trade scheme to reduce the consumption of carbon based fuels.