Who Pays for Cap and Trade?

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This is an opinion item.

Author(s) The Wall Street Journal editorial board
Source The Wall Street Journal
Date March 9, 2009
URL http://online.wsj.com/article/SB123655590609066021.html
Quote
Quotes-start.png "Politicians love cap and trade because they can claim to be taxing "polluters," not workers. Hardly. Once the government creates a scarce new commodity -- in this case the right to emit carbon -- and then mandates that businesses buy it, the costs would inevitably be passed on to all consumers in the form of higher prices. Stating the obvious, Peter Orszag -- now Mr. Obama's budget director -- told Congress last year that "Those price increases are essential to the success of a cap-and-trade program."" Quotes-end.png


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This item argues against the position Act should be passed on the topic American Clean Energy and Security Act.