WhatFinger

An Examination of the Non-Cap-And-Trade Provisions

The Other Half of Waxman-Markey


On June 26, 2009, the U.S. House of Representatives passed H.R. 2454, the Waxman-Markey bill. Generally, Waxman-Markey bill is thought of as a cap-and-trade bill, but it is far more than that. Of the bill’s 1,428 pages, merely half are dedicated to cap-and-trade. Dr. Robert Michaels, a Senior Fellow with IER, examined the non-cap-and-trade provisions of the Waxman-Markey bill.  He found that the rest of the bill is packed with regulations that would completely alter the United States’ economy. He argues that even without cap-and-trade, Waxman-Markey is the most repressive package of new taxes, wealth transfers and obstacles to economic activity that a Congress has ever assembled.

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