Cap and Trade Bill Moves Forward on Waxman’s Artificial Timeline: High Costs Remain (Part 10 in a 10-Part Series)
Nicolas Loris /
Rep. Henry Waxman (D-CA) is a man of his words, sort of. He told people he wanted to get a global warming bill that capped carbon dioxide out by Memorial Day and he did:
Legislation imposing the first nationwide limits on the pollution blamed for global warming advanced in the House late Thursday, clearing a key committee despite strong Republican opposition.
The Energy and Commerce Committee approved the sweeping climate bill 33-25 after repeatedly turning back GOP attempts to kill or weaken the measure during four days of debate.
The panel’s action increases the likelihood that the full House for the first time will address broad legislation to tackle climate change later this year. The Senate has yet to take up the issue.”