The Senate version of "cap and trade" has more aggressive carbon dioxide reduction goals than the House version.
Nick Loris, a researcher in energy and environment issues with The Heritage Foundation, says the Senate's rough draft of cap and trade sets its target for CO2 emissions cuts at 83 percent by 2050. Such an aggressive target, he believes, is going to drastically raise energy costs for consumers -- and he urges people to oppose this bill just as aggressively as they have President Obama's healthcare plan. "The reality is, this is an energy tax bill," he states. "And when people see it like that, they are not going to be happy with energy taxes." The alleged goal of the bill is to curb carbon emissions from power plants, automobiles, homes, and business in order to fight supposed manmade global warming. But Loris says the bill will have no effect on the earth's temperature. "One climatologist said that it will reduce global temperatures only two-tenths of a degree Celsius by 2100," says the researcher. "So we're seeing all this economic pain for very little, if any, environmental gain."
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