somewhat OT: obama grasps healthcare reform (sort of)
Second, revenues from a cap-and-trade system of carbon mitigation make their debut. The proceeds would be spent partly on making the tax credits in the fiscal stimulus, strongly tilted towards low-income households, permanent.
one of the annoying and implicitly scary things about this is that carbon mitigation is expensive (it's one of the things i work on professionally). If 'taxes' on carbon get spent on conventional welfare programs, then that money is not being spent on its raison d'être. When the problems of climate change do manifest themselves, then we can look forward to another round of taxes to pay to fix those problems. As it is, our congress is obviously planning on running carbon cap and trade like the FICA tax.
if this is too off topic feel free to delete
