Kerry last week sought to change the vernacular surrounding the climate bill and sell its concepts more broadly, insisting it is not a "cap and trade" proposal but a "pollution reduction" bill. "I don't know what 'cap and trade' means. I don't think the average American does," Kerry said. "This is not a cap-and-trade bill, it's a pollution reduction bill" (E&E Daily, Sept. 25).
The Boxer-Kerry bill will build in large part off H.R. 2454 (pdf), legislation approved in June by the House following several marathon months of negotiations that involved lawmakers representing coastal and industry-heavy districts. Exactly what is the same in the two bills remains to be seen. As for differences, Senate Democratic aides say they expect the legislation to divert from the House bill's 17 percent emissions target for 2020 and go with an even more aggressive 20 percent limit. The bill also will stay silent on exactly how the Senate should divide up emission allowances.
"No matter the semantic games employed, or the extent to which Democrats wish to hide the truth from the American people, cap and trade will mean more job losses, more pain at the pump, and higher food and electricity prices for consumers," said EPW Committee ranking member James Inhofe (R-Okla.)."
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