Republican Win!
But we'll have to fight this one again next year, and the year after that, and the year after that...
Senate Republicans on Friday blocked a global warming bill that would have required major reductions in greenhouse gases, after a bitter debate over its economic costs and whether it would substantially raise gasoline and other energy prices.Full article.Democratic leaders fell a dozen votes short of getting the 60 needed to end a Republican filibuster on the measure and bring the bill up for a vote. The 48-36 vote failed to reach even a majority, a disappointment to the bill's supporters.
Majority Leader Harry Reid was expected to pull the legislation, in all likelihood pushing the congressional debate over climate change to next year with a new Congress and a new president.
The bill would have capped carbon dioxide coming from power plants, refineries and factories, with a target of cutting greenhouse gas emissions by 71 percent by mid-century.
"It's a huge tax increase," argued Republican Senate leader Mitch McConnell of Kentucky, a prominent coal-producing state. He maintained that the proposed system of allowing widespread trading of carbon emissions allowances would produce "the largest restructuring of the American economy since the New Deal."
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12:28 PM
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