Democrats’ Electricity Tax: All Pain, No Gain
Tomorrow, the Senate Environment and Public Works Committee will hear testimony from Gina McCarthy, administrator of the Environmental Protection Agency, regarding the regulation at the center of President Obama’s agenda to impose an electricity tax on the American people. Last month, the administration proposed a rule that requires states to severely restrict carbon emissions from existing power plants, radically curtailing coal’s share of electricity generation. It offers states “flexibility” to choose for themselves which carbon-reduction measures to implement. But flexibility in this context means little more than an invitation for states to choose the method by which their economic wounding will be performed. It enables the administration to shift blame to the states. When implementation of the rule causes energy prices to rise, electric reliability to diminish, and jobs to disappear, the administration will argue that state energy choices, not its rule, are responsible.