Under cap and trade the federal government gives companies a limit to the emissions they are allowed, which is their “cap.” If they go beyond, they must enter into “carbon trading” by buying “carbon offsets.”
This is viewed by liberal Democrats in Washington as a way to generate additional revenue for their insatiable appetite for spending. The description ‘tax and spend liberal’ is well earned, especially in the last six years.
Democrats are counting on the 'global warming’ scare to help fuel the ‘need’ for carbon offsets.
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