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 _______________________________________________ Volokh mailing list [email protected] http://lists.powerblogs.com/cgi-bin/mailman/listinfo/volokh
