Blue Dog Democrats Urge Caution on Cap and Trade, More Spending

Congress is rumored to be considering passing a cap-and-trade plan through budget reconciliation, which is a process that is only completed if there are special instructions passed in the budget resolution and requires a simple majority, rather than a 2/3rds vote to pass the Senate. Unfortunately, this action sets a very low bar for a high-cost, big-government bill such as cap-and-trade, but fortunately the Blue Dogs, a group of fifty-one fiscally conservative House Democrats, have warned that the reconciliation strategy is a bad idea. One concern surrounds cap and trade, which the Blue Dogs contend pits regions of the country that have plentiful renewable resources against regions that produce traditional energy resources, such as coal. He said Blue Dogs oppose using reconciliation for cap-and-trade to ensure fairness. House and Senate Democratic leaders and the White House this week said it remains an option. Blue Dogs also do not want a resolution that assumes cap-and-trade revenues are dedicated to any specific policy, the document said. Rather, it should encourage responsible and efficient energy production and reasonable tax policy while providing affordable energy...The Foundry