Wednesday, July 28, 2010

Cap and trade and deficits

Nate Silver is going with this argument that a cap and trade policy for greenhouse gases may become somewhat more politically possible in the next few years because the revenues raised by it can help reduce the deficit. And those pols are all about the deficit, and stuff.

But as Brad Plumer rightly responds:
Seems unlikely cap-and-trade will ever pass b/c of deficit reduction. Rs don't care about that.
Well, probably a few. But there's not evidence that many do.


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