The Washington Independent
The Washington Independent

Orszag Concedes on Cap-and-Trade in Budget

Last updated: July 31, 2020 | March 25, 2009 | Henry Hamer

In a call with reporters this morning, Office of Management and Budget Director Peter Orszag conceded that cap-and-trade climate legislation would not be included in the federal budget, after congressional Democrats made cuts to the president’s budget proposal yesterday.

Orszag noted, however, that the Making Work Pay tax credit to low-income households — to be raised from cap-and-trade revenue in President Obama’s proposal — has already been funded for the next two years by the stimulus. He also expressed confidence that cap-and-trade could be passed in a standalone bill.

“We have the tax credit for two years,” he said. “We’ve got two years to figure this out. I mean, I think it’s been little remarked that we actually got that tax proposal into law [in the stimulus] within the first month. With regard to climate change, there’s already legislation that is being considered on the House side. The Senate is also active. The fact that it’s not treated in the budget resolution the same way that we proposed in no way means that the House and Senate can’t take the legislation up. And in fact, I think some may argue that the political economy of getting climate change done this year may actually be better outside of the — outside of the budget resolution than inside of it.”

Indeed, both political analysts and environmental activists have argued that climate change legislation would be more feasible and effective if it’s not rushed in early 2009. Still, the reluctance of some congressional Democrats to sign onto cap-and-trade now could be a preview of things to come.

Henry Hamer | I'm currently working for Google's Chrome team in Munich, Germany, as a developer advocate. I was a member of the team responsible for the online presence of, one of Germany's largest daily newspapers, from January 2010 to November 2011. I used to work for Yahoo! on their similarly massive European news pages before joining Sueddeutsche. I've concentrated my efforts on the internet, which has turned out to be a fantastic decision.


MA-Sen: Brown Wins

BOSTON -- At 9:20, the first rumors of Scott Brown’s victory in the Massachusetts Senate race started to work around the room. A moment later, Doug Flutie

MA-Sen: 150 Conservative Bloggers Fan Out, Looking for Scandals

BOSTON -- The mysterious Election Journal blog, which first released the infamous 2008 video of two bumbling New Black Panther Party members waving nightsticks

MA-Sen: A Text Message From Scott Brown

BOSTON -- Having signed up for Scott Brown’s text message service for election day, I just got this text: Are you about to have lunch? It’s a great time to

MA-Sen: 66 to 19

BOSTON -- That, via Alex Isenstadt and Josh Kraushaar, is the number that defined the Massachusetts Senate race more than anything else. From the primary

MA-Sen Photos: ‘Paint the Town Red! Croakley’s Dead!’

Below are some photos of yesterday’s People’s Rally in Worcester, the rally that Brown held to counter-program the Obama rally in Boston. The crush of

MA-Sen: Republicans Celebrate Coakley’s Gaffes in Worcester

WORCESTER, Mass. - By the way, said Curt Schilling. One more thing. I am not a Yankees fan. The overflowing crowd at Worcester’s Mechanics Hall on

MA-Sen: Out-of-Staters for Brown

BOSTON -- A surprising discovery at yesterday’s People’s Rally in Worcester was just how many people had traveled into the state to assist, in whatever way,

MA-Sen: Loyal Democrats Grouse About Coakley

BOSTON -- A little while after noon, a steady crowd of Democratic voters streamed into the Cathedral High School Gymnasium to cast votes for their party’s

Net Investors Bullish on Palin’s Prospects for Staying on Ticket

Just for fun, the Internet prediction Website Intrade has opened a contract on whether Alaska Gov. Sarah Palin will be withdrawn as McCain’s running mate.

© Copyright 2021 The Washington Independent All Rights Reserved

Terms & Privacy |