DailyKos worried as Cap & Trade bill vote postponed over Dem vs. Dem issues
“The main sticking point of the draft bill is the requirement for industry to buy and sell the right to emit greenhouse gases, including carbon dioxide. Under the draft bill, a ceiling would be put on how much carbon that energy producers and other industries emit. They could exceed these caps by buying (trading) carbon permits. The government would collect the revenue generated from these permits and redistribute them into the economy in a fashion yet to be determined. …â€
“Republican lawmakers claimed this week that the plan would cost every American household $3100 annually. …â€
“Assuming agreement can be reached, ACES will face even tougher sledding when it reaches the Senate, where there are more moderate Democrats than in the House.â€