A global warming conference is currently underway in Poznan, Poland, with representatives from 190 countries debating a new treaty to succeed the 1997 Kyoto Protocol. However, this meeting is not likely to be of great consequence for the U.S. After all, the timing is off it is too late for the Bush Administration to make any dramatic moves on climate policy, nor is the Obama Administration yet in power. However, this meeting is important in that it signals the end of the Bush era on climate and the beginning of a new approach.
Those who support legislative efforts like increased gas taxes tocombat global warming should come clean to the American peopleabout their proposals' likely impacts on Americans' wallets.
The CBO analysis of Waxman-Markey fails to take into account all the adverse effects that will ripple through the U.S. economy if cap and trade becomes law.