Indiana Governor Mitch Daniels in The Wall Street Journal has had a good look at the Waxman/Markey “Cap and Trade” legislation that started debate today in the Senate, and he doesn’t like what he sees:
Quite simply, it looks like imperialism. This bill would impose enormous taxes and restrictions on free commerce by wealthy but faltering powers — California, Massachusetts and New York — seeking to exploit politically weaker colonies in order to prop up their own decaying economies. Because proceeds from their new taxes, levied mostly on us, will be spent on their social programs while negatively impacting our economy, we Hoosiers decline to submit meekly.
The Waxman-Markey legislation would more than double electricity bills in Indiana. Years of reform in taxation, regulation and infrastructure-building would be largely erased at a stroke. In recent years, Indiana has led the nation in capturing international investment, repatriating dollars spent on foreign goods or oil and employing Americans with them. Waxman-Markey seems designed to reverse that flow. “Closed: Gone to China” signs would cover Indiana’s stores and factories.
And he’s not just arguing against the Waxman-Markey legislation. He’s arguing for a lot more “change” than Waxman-Markey would ever provide (and you gotta love any politician with his own Harley):
No one in Indiana is arguing for the status quo: Hoosiers have been eager to pursue a new energy future. We rocketed from nowhere to national leadership in biofuels production in the last four years. We were the No. 1 state in the growth of wind power in 2008. And we have embarked on an aggressive energy-conservation program, indubitably the most cost-effective means of limiting CO2. Most importantly, we are out to be the world leader in making clean coal — including the potential for carbon capture and sequestration. The world’s first commercial-scale clean coal power plant is under construction in our state, and the first modern coal-to-natural gas plant is coming right behind it.
Knock me over with a feather. Apparently Mitch has been a busy guy since I left the state 7 years ago; and is setting the standard nationally.
As opposed to Waxman and Markey, who seem stuck in the same old tax-and-spend crap.
Have you called your Senator and Representative today?