"The Republicans are right—it's a cap-and-tax bill," Wirth said. "That's what it is because they are raising revenue to do all sorts of things, especially to take care of the coal industry, and it makes no sense." He maintained that he supported passage of the Waxman-Markey bill in the House and remains a "cap and trade advocate."
Here's the key portion of Wirth's statement:
....As one of the original 1990 authors of the highly successful cap-and-trade legislation to address acid rain, I believe in the cap-and-trade approach and believe it should be targeted only at utilities. I also don't think an auction is necessary—in fact, none of the five successful cap-and-trade programs has included an auction, and one isn't necessary in the Senate energy/climate bill for it to be successful in reducing emissions.
Unfortunately, the existence of an auction can be used by opponents to caricature any and all cap-and-trade programs as "cap-and-tax." As a cap and trade advocate, I think we should avoid anything that gives climate legislation opponents a chance to label it as "cap and tax."
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