Friday, May 22, 2009

Waxman-Mackey Climate Bill Passes Committee!

This is the first piece of legislation I've followed closely and thanks so some diligent folks on Twitter (#climatebill) I was able to see each amendment get voted on. Wow! This is going to continue to be a hugely contested bill and but is definitely a step in the right direction.

Steven Pearlstein at the Washington Post summed it up the best:

The Waxman-Markey bill may be the best bill that the political system can produce, and surely it is far preferable to doing nothing. But now that we know what a climate-change bill looks like when it is jury-rigged to accommodate all the special interests, maybe Americans will be willing to reconsider one of the cleaner, simpler approaches -- a carbon tax with all the revenue rebated to households, for example, or a cap-and-trade system that generates enough revenue to erase the national debt, or even a tough new regulatory regime requiring businesses to produce more fuel-efficient cars, buildings and appliances.

It's not too late to change our minds.

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