"Cap and Trade" Fallacies

By Wayne Winegarden

Thankfully, cap and trade – aka the Warner-Lieberman “America's Climate Security Act of 2007” – suffered a quick death in the Senate this year. Cap and trade is an inferior, anti-growth, environmental policy that imposes significant costs on our economy and people’s lives. Cap and trade allows Congress to pass a huge tax increase while never formally voting to do so. The large tax increase will diminish our overall economic vitality and reduce everyone’s welfare. Read more.