Cap and Tax: the Biggest Power Grab in History
Washington, Jun 8, 2009 - I came across an editorial in yesterday's Washington Post that bolster's my position that the Waxman-Markey "Cap and Tax" bill is the largest power grab in history. I have provided a link and excerpts below.
The Washington Post: "The unexamined federal regulation in a House energy bill"
THE RUNNING joke in Washington is that nobody has read the 900-plus-page energy bill sponsored by Reps. Henry A. Waxman (D-Calif.) and Edward J. Markey (D-Mass.), which the House will consider in coming weeks.
[I]f the point of cap-and-trade is to change market incentives, why does Congress, and not the market, need to dictate these changes? Those are a few questions that emerge when you begin to read through the 900 pages.