
The Death of Cap and Tax
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Missing Money
Articles and video discussions of the $21 Trillion dollars missing from the U.S. government
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The Death of Cap and Tax
Harry Reid’s latest energy bill is designed not to pass.
President Obama’s undeniable success in passing liberal legislation hasn’t translated into greater popularity for himself or the Democratic Congress. So perhaps he’ll get a bump in the polls now that he’s suffered his first setback on one of his signature promises.
We refer to the failure of cap and tax, which Mr. Obama once modestly promised would signal “the moment when the rise of the oceans began to slow and our planet began to heal.” Senate Majority Leader Harry Reid gave the plan, if not the planet, up for dead this month, and last week he unveiled a new energy bill whose major provisions include a Cash for Clunkers replay for home appliances and a $5.8 billion subsidy for natural gas vehicles.
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