New Report Exposes Special Interests Tied to Cap-and-Trade Bill

Summary

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Minority Leader John Boehner (R. -Ohio) referred to his fellow Ohioan's earmark as pork. * In what has become standard practice in Congress with important legislation with wide-ranging implications, WaxmanMarkey's 309-page manager's amendment containing many of the provisions "used to cajole last-minute supporters ... was not made public until 3 a.m. the morning of the vote and was still being collated into the official text as members were being asked to vote on final passage." * Waxman-Markey requires foreign countries to take appropriate measures to limit greenhouse gas emissions, and beginning Jan. 1, 2020, the international reserve requirements of one of the bill's subparts "may apply to a covered good," meaning a good would be unable to reach the U.S. market without proof of a carbon offset.

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New Report Exposes Special Interests Tied to Cap-and-Trade Bill

Passage of the American Clean Energy and Security Act of 2009 - by only seven votes - was achieved through a combination of hefty Political Action Committee (PAC) contributions, pork-barrel politics, and provisions of corporate welfare and protectionism not seen since the Smoot-Hawley Act of 1930. So...

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