New York Post  Cap & Trade: Why It's Tax & Spend  Senate plan
won't cool planet, but will raise taxes  The Senate takes up the
Climate Security Act this week. At its heart is the hot new
anti-glob al-warming scheme, known as "cap and trade," which
John McCain and Barack Obama have both embraced. But the only
thing it will cool is the US economy.  In effect, the bill would
impose an average of more than $80 billion in new energy taxes
every year. It would also turn carbon dioxide into the new
tobacco - a "vice" that Uncle Sam feeds off in the name of
combating.  The bill aims to gradually cut US emission of
greenhouse gases by 2050, to 60 to 65 percent below 2005 levels.
(Both McCain and Obama favor even deeper cuts.) That's an even
more ambitious goal than the one in the 1997 Kyoto Treaty, which
the Senate condemned 95-0, as far too burdensome for the US
economy.  Its mechanism for getting there is "cap and trade,"
which, though touted as "market-based," is anything but. In
fact, it will lead to a massive gov