Today’s Calamity: Cap and Trade Costs Fly Sky High
Nicolas Loris /
When gas prices surpassed $4 per gallon last summer, it forced families to cancel their vacations. Not only was the day-to-day driving eating up families’ budgets, but it made the cost of traveling somewhere for vacation all that more expensive. Purchasing airline tickets was out of the question for many. If cap and trade becomes law, news could only get worse for the air travelers and the airline industry.
From CQ Politics: “The most recent draft of the Senate bill by John Kerry, D-Mass., and Barbara Boxer, D-Calif., includes aircraft and aircraft engines in its emissions-trading plan. The language tracks with provisions in a climate change bill the House passed in June.”