Obama Would Impose New Energy Tax on Everyone
by Sen. James Inhofe
03/26/2009

Over the next few weeks we will be arguing the merits of an issue that I have spent nearly 10 years debating as a rank-and-file member, former chairman and now ranking member of the Senate Environment and Public Works Committee. That issue is global warming and a cap-and-trade program to regulate greenhouse gases. Now, the President has included such a cap-and-trade proposal in his budget.

The President did a good thing by including an estimate of the revenues that will be generated under such a proposal in his budget. It allows us to have an honest debate about the costs to the American people of a program of this magnitude -- not to mention the enormous redistribution of wealth for pet projects and programs under the umbrella of “clean energyâ€