Boxer-Kerry Cap-and-Trade Bill: Embrace the Blanks!

From The New York Times, “Senators’ Climate Draft Mirrors House Bill, With Some Exceptions“:

Both the early draft and the Boxer-Kerry bill due for release tomorrow will leave blank key information about how the senators intend to distribute hundreds of billions of dollars in emission allowances. Following the path of Democratic leaders of the House Energy and Commerce Committee, those figures will come next month when Boxer releases a chairman’s mark of the bill before an EPW Committee markup.

For advocates of the legislation to establish government control over carbon dioxide the overriding concern is not this provision or that, but getting the tax and regulatory regime in place. First, enact the law, and later on you can make the targets, limits and charges more onerous.

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