Editore"s Note
Tilting at Windmills

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December 17, 2009

CBO SCORES KERRY/BOXER CLIMATE BILL.... If deficit reduction is an important goal, policymakers can take comfort in knowing that a cap-and-trade bill is fiscally responsible.

The nonpartisan Congressional Budget Office today released an analysis finding that the major climate and energy bill the Senate Environment and Public Works Committee approved in November would reduce the budget deficit by $21 billion over the next decade.

The cap-and-trade bill is sponsored by EPW Committee Chairwoman Barbara Boxer (D-Calif.) and Sen. John Kerry (D-Mass.). It would require U.S. emissions curbs of 20 percent by 2020 and 83 percent by 2050. The committee approved the bill with no GOP support.

The nonpartisan CBO added that the bill would continue to be in the black even as the cap it creates tightens.

Let's see, the bill combats global warming, reduces pollution, helps create new jobs in a burgeoning sector, and lowers the deficit, all at the same time. Sounds awful.

Of course, the CBO score applies to the Kerry/Boxer bill -- which seems to be far short of overcoming a Republican filibuster -- not the compromise Kerry is working on with Sens. Lindsey Graham (R-S.C.) and Joe Lieberman (I-Conn.).

Nevertheless, the larger takeaway here is that the climate bill can help address the budget issue while also addressing the energy issue. As Boxer said in a statement, "The CBO score shows that there is a way to design a clean energy and climate bill that is fiscally responsible and gets the job done - while protecting the health of our families and the planet."

The CBO's report is online here.

Steve Benen 10:20 AM Permalink | Trackbacks | Comments (6)

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Long John was just at Copenhagen, too.

http://www.thenation.com/blogs/copenhagen/507032/kerry_comes_to_copenhagen

Posted by: neill on December 17, 2009 at 10:23 AM | PERMALINK

What's great is that so many rightwingers are on record saying how accurate and wonderful the CBO estimates are from back when the CBO was giving high costs for some preliminary health care plans. Cue the backpedaling in 5...4...3...2...

Posted by: zadig on December 17, 2009 at 10:25 AM | PERMALINK

Okay - put aside HealthCare - how about THIS bill go through reconciliation. In that - isn't a requirement for recon is to have an effect on budget/$?

Posted by: sduffys on December 17, 2009 at 11:06 AM | PERMALINK

Steve, repeat after me:

There is, for the current Congress, *no such thing as a "Republican filibuster"*.

Conservadems be damned.

Posted by: Cap'n Phealy on December 17, 2009 at 11:17 AM | PERMALINK

There's a post on TPM http://www.talkingpointsmemo.com/archives/2009/12/no_fight.php#more?ref=fpblg about how the Dems didn't really put up a fight on health care and that's why many of us are so dispirited.

I think we see the same thing happening here. Kerry is negotiating with Joe "You can't trust a word I say" Lieberman and Lindsay Graham. How about trying to fight for the bill co-sponsored with Barbara Boxer instead? In terms of meeting the challenge of Global Climate Change, the Kerry/Boxer bill is already a very modest effort so why go right to negotiating for a weaker bill? Stand up already and fight for good policy, dagnabit!

Posted by: gaardvark on December 17, 2009 at 12:00 PM | PERMALINK

"Let's see, the bill combats global warming, reduces pollution, helps create new jobs in a burgeoning sector, and lowers the deficit, all at the same time. Sounds awful."

Well, if it's really that good, you can be sure that the Deaniacs, et al, will find some reason to KILL THE BILL.

Posted by: converse on December 17, 2009 at 1:09 PM | PERMALINK
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