[Volokh] Jonathan Adler: What's in Waxman-Markey?

[notify at powerblogs.com]

Posted by Jonathan Adler:
What's in Waxman-Markey?
http://volokh.com/archives/archive_2009_07_05-2009_07_11.shtml#1246813087


   So what ended up in the Waxman-Markey cliamte bill? Kevin Williamson
   and Stephen Spruiell [1]look under the hood of this climate policy
   vehicle. The cap-and-trade legislation sparked a [2]special-interest
   feeding frenzy -- and this is precisely what we should have expected.
   As I've [3]argued before, a cap-and-trade regime for greenhouse gases
   is more vulnerable to rent-seeking than a tax-based alternative.
   There's no way to prove that a carbon tax bill would have been less
   pork-laden than Waxman-Markey, but it could not have been any worse.

References

   1. http://article.nationalreview.com/print/?q=YTc1MmVhMGYxY2UzNzAwMTJlODBjZjg2NDJjNmM2MWE=
   2. http://www.publicintegrity.org/articles/entry/1381/
   3. http://www.volokh.com/posts/1177606109.shtml