Washington, D.C. – Citizens Against Government Waste (CAGW) today named House Energy and Commerce Committee Chairman Henry Waxman (D-Calif.) and House Energy and the Environment Subcommittee Chairman Ed Markey (D-Mass.) its May Porkers of the Month. They are the ringleaders behind H.R. 2454, the American Clean Energy and Security Act of 2009 (ACESA), the Waxman-Markey bill.
As the negative economic realities of the bill have become clear, negotiations have degenerated into a circus as Reps. Waxman and Markey frantically jump through hoops, adding and altering provisions to placate special interests and buy the votes of appropriately skeptical members of Congress from states which stand to lose if the bill passes.
The Waxman-Markey bill would purportedly do two things. First, it would reduce greenhouse gases by having the government set annual carbon emissions limits which would steadily ratchet lower. Second, the Environmental Protection Agency would distribute carbon permits to companies, and since some companies will be over the limits and some will be under, those whose emissions exceed the limits would have to buy more permits from the government or from other firms in this new government-created and managed “market.”
Tags: American Clean Energy and Security Act of 2009