In his update to his post, Declan McCullagh notes an objection by the Center for American Progress:
The fourth objection is the most compelling. The Center for American Progress writes: “The potential benefits of clean energy legislation far outweigh the modest costs.” That’s a reasonable cost vs. benefit calculation, and it includes the claim that even with the extra taxes, cap and trade is so vital to America, it’s still worth it.
That’s the right approach to take: it would be a…
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