- Half of Americans worried about second Cold War: poll
- Kermit Gosnell clinic aide who heard aborted baby scream gets 5 to 10 years in prison
- Iraq mulls law to let men marry 8-year-old girls
- Russia sends bombers on 24-hour Arctic patrol
- Sam Adams beer brewer nixes St. Patrick’s parade that won’t allow gays
- Houston dad kills boy, 17, in daughter’s room in mistaken ID tragedy
- Rep. David Jolly ready to work with Democrats on compromise
- Joe Biden: I can’t be president — my golf would suffer
- German authorities grab suspected hardline Islamist
- Rare lesbian HIV transmission case turns up in Texas
Obama banks on pollution reductions
President Barack Obama’s first budget includes $15 billion a year for renewable energy programs and an ambitious plan to raise $646 billion from a carbon reduction proposal.
“Because our future depends on our ability to break free from oil that’s controlled by foreign dictators, we need to make clean, renewable energy the profitable kind of energy,” Mr. Obama said Thursday morning. “That’s why we’ll be working with Congress on legislation that places a market-based cap on carbon pollution and drives the production of more renewable energy.”
The plan uses money from a cap-and-trade program — which would allow companies to emit carbon dioxide up to a certain level, and then charge them $20 per ton of gasses emitted above that cap — would pay for Mr. Obama’s middle-class tax cuts and investments in renewable energy.
Republican leaders were broadly critical of the president’s plans, saying the national economy is in no shape to handle the burden of new taxes.
“We’ve got real concerns about his plan on cap and trade,” said House Minority Leader John A. Boehner, Ohio Republican. “Let’s just be honest and call it a carbon tax that will increase taxes on all Americans who drive a car, who have a job, who turn on a light switch, pure and simple. And if you look at this whole budget plan, they use this carbon tax as a way to fund all of their big government ideas.”
The cap and trade figure is a “conservative” estimate, and is acting as a placeholder until Congress sends legislation to the president, said senior administration officials speaking on background with reporters. The president is “optimistic” that a cap and trade bill will be passed this year, they said.
But Congressional Democrats have split on timelines for climate change legislation. Democratic leaders in the House say they plan to move forward with climate change legislation by Memorial Day, but Senate Democrats have been more ambiguous about a deadline for passage.
About the Author
Tom LoBianco has covered energy and environmental policy, including the climate change bill making its way through Congress. From 2007 to 2008, he covered Maryland politics from the Times’s Annapolis bureau. Tom hold’s a master’s degree in political science from Northeastern University and a bachelor’s degree in journalism from the University of Maryland, College Park. He spent two and a ...
By Bob Dole
The industrious island has proved itself worthy of U.S. inclusion
- EXCLUSIVE: FBI blocked in corruption probe involving Sens. Reid, Lee
- Sam Adams beer brewer nixes St. Patrick's parade that won't allow gays
- College group's diversity event canceled after excluding white people
- F-35 secrets now showing up in Chinas stealth fighter
- Deportations come mostly from border, DHS chief says
- Bill Clinton poses for photo with Bunny Ranch prostitutes
- U.S. pilot scares off Iranians with 'Top Gun'-worthy stunt: 'You really ought to go home'
- USS Kidd sent to Indian Ocean after 'indication' of Malaysian jet crash
- EDITORIAL: Lois Lerner's dilemma
- BRUCE: The power of bossy
Chaos as Manhattan building explodes
Pope Francis meets his 'mini-me'
Celebrity deaths in 2014