Why Does the Much-Touted Climate Bill Look Like It Was Stolen From the Republican Playbook?
The new climate bill exemplifies a Republican approach: Don't tell polluters what to do, bribe them and hope they do what you want.
President Barack Obama has publicly described the bill as his and the Democrats' preferred alternative to regulation. Without the bill, he has threatened, the EPA will directly regulate greenhouse-gas emissions, a power it was given by the Supreme Court in 2007 and which it announced it would exercise in April 2009. Indeed, the bill specifically prohibits Obama's EPA from regulating these emissions.
The bill's carbon-cap-and-trade provisions are ...
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