Monday, November 3, 2008

Obama and Coal

It has finally come out that back in January, Obama said coal plants would be effectively bankrupted by his emissions cap-and-trade system, which would increase taxes on certain industry by over $1 trillion over the next ten years.

McCain is also a sponsor of cap-and-trade legislation and has campaigned on the issue, but one would suppose his plan would be far less onerous.

No comments: