But the main reason is simply this: at some point, the country is going to have to raise revenues to fix the deficit. And cap-and-trade, if done the right way -- if permits are sold, rather than given away to the industry -- can produce quite a lot of revenues: $145 billion per year initially, the CBO estimated in 2008, with the number rising much faster than inflation as emissions targets become continually more stringent.
Posted via email from Joshua Oakley - Dreams Poetry Visions Imagination Beauty
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