Reconciliation Watch: Cap-and-Trade Lives
The prospects for congressional approval of climate change legislation this year have dimmed but not disappeared. Yesterday the Senate voted against using the
Jul 31, 202011.6K Shares1.9M Views
The prospects for congressional approval of climate change legislation this year have dimmed but not disappeared. Yesterday the Senate voted against using the filibuster-proof reconciliation process to consider climate change legislation by a 67-31 vote and the House-approved budget did not include cap-and-trade in its budget reconciliation provisions.
That makes it more likely that cap-and-trade legislation, now being drafted by Rep. Henry Waxman (D-Calif.), will have to win 60 votes in the Senate to become law. With Democratic qualms mounting (see Aaron’s post yesterday on Majority Leader Harry Reid’s meetingwith coal state senators) and potential Republican supporters hanging back, 60 votes seems to be a tall order.
But cap-and-trade advocates are not deterred, notes The Washington Posttoday, with this significant aside: “Administration officials support leaving the door open in the budget blueprint when it emerges from conference committee for a final vote this month.”
Camilo Wood
Reviewer
Camilo Wood has over two decades of experience as a writer and journalist, specializing in finance and economics. With a degree in Economics and a background in financial research and analysis, Camilo brings a wealth of knowledge and expertise to his writing.
Throughout his career, Camilo has contributed to numerous publications, covering a wide range of topics such as global economic trends, investment strategies, and market analysis. His articles are recognized for their insightful analysis and clear explanations, making complex financial concepts accessible to readers.
Camilo's experience includes working in roles related to financial reporting, analysis, and commentary, allowing him to provide readers with accurate and trustworthy information. His dedication to journalistic integrity and commitment to delivering high-quality content make him a trusted voice in the fields of finance and journalism.
Latest Articles
Popular Articles