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...free lunch for economic policy, because it means you can get more stuff by putting people to work," says a top Administration official. "That's why I think there is a lot of potential in this moment." But the same reasoning doesn't work for a global-warming bill. "That would be more complicated," says the official. (See a photo-essay on the beauty of trees and forests...
...consumer, amounting to what some argue would effectively be a new tax on ordinary Americans. "That is a massive new tax. It's a tax on energy, and it will flow directly through to the consumer in the form of a national sales tax on their electric bill," Senator Judd Gregg, a New Hampshire Republican, said in questioning White House Office of Management and Budget Director Peter Orszag at a hearing last week of the Senate Budget Committee. After a few minutes of Gregg's grilling, Orszag conceded "there will be increased prices...
...result, Republicans want to see all revenue brought in from the cap-and-trade system returned to consumers, potentially as tax rebates. Obama, by contrast, would keep 20% to invest in his green-jobs program. Republicans have also said they would not support a bill that does not include money to expand the nuclear industry - something opposed by many Democrats and environmentalists. There is also disagreement over the involvement of other countries in any potential market and how best to help developing nations build up clean technologies...
Despite all those issues, it is still possible that a climate bill could reach the legislative finish line before health care. There is a broad consensus on Capitol Hill that something needs to be done, and Republicans like John McCain and Lindsey Graham are anxious to get a bill passed this year. And while the Administration has not held an energy summit as it did for health care, Obama has had an easier time hiring and confirming staff on the environmental front than on the economy or health-care fronts. For example, Obama's special adviser for green jobs...
Still, as members finalize the budget resolution this week, many members have warned that they would oppose ramming the legislation through the budget process. Obama has set aside $656 billion in the budget for his energy and climate-change plans. Depending on how the bill is written, it could leave the door open to include the whole program in the fiscal 2010 budget, a highly unusual move that would strip the bill from the usual committees of jurisdiction and give the program immunity from filibusters in the Senate. "I want them to having hearings. I want...