gasoline taxes
Posted at 10:24am on Jun. 3, 2008 Notes from the Global Warming Debate on Capitol Hill
Senator Boxer lets the cat out of the bag
By blackhedd
There is some wire-service reporting out this morning (here and here) on the Congressional debate over the Warner-Lieberman bill. This is the legislation that would increase the Federal gasoline tax from its current 18.2 cents a gallon to 53 cents by 2030. (Any bets on whether we’ll still even be using dollars by then?)
Much more importantly, this bill would mandate a “cap-and-trade” regime for industrial emissions of greenhouse gases. This is similar to what Europe does now, but the plan differs in key respects.
Prospects for this legislation are poor, as even co-sponsor Joe Lieberman (?-Connecticut) acknowledges that it’s unlikely the Senate will have the votes to override a promised Presidential veto or even to shut off debate.
Senator Boxer (D-California) is getting credit as the architect of the legislation. That little Republican you see way up on the ramparts taking the spears and arrows and hollering ”Noooooo!” is Mitch McConnell of Kentucky.
Keep reading…
Posted in Boxer | Cap-And-Trade | Congress | Economy | gasoline taxes | warner-lieberman — Comments (26)/ Email this page » / Read More »
