A Kick In The Teeth

[sfc_oliver]

At least some members of the Senate are actually reading this cap & Trash before voting on it. This should give us some hope.

[Towntalk]

Senior Democrat senators said on Wednesday they would change a provision that imposes carbon taxes on imports following warnings that the clause in the House's cap-and-trade bill could spark a global trade war.

Gary Horlick, a prominent trade attorney in Washington, told the Senate committee on Wednesday that border measures were likely to pose daunting practical problems and retribution against US exports from its trading partners on other environmental grounds. "If we re-interpret WTO rules to allow trade barriers based on how things are made, we open up a can of worms and might permit other countries to block our biotech exports, including major items such as corn, soybeans, and other crops," he said.

So American industries will have to pay a hefty carbon tax and try to compete with imports from countries that are the worst polluters.