Obama's Commerce Nominee: Cap and Trade Good for ‘Hiding’ Carbon Taxes

Wednesday, June 01, 2011
By Matt Cover

(CNSNews.com) – John Bryson, President Obama’s nominee to head the Commerce Department, told a University of California Berkeley audience in 2010 that a cap and trade system was a good way to hide a carbon tax from the public.

Bryson, formerly the CEO of Edison International, said that a carbon tax was the new “third rail” of politics because politicians wouldn’t want to tax energy directly.

“I think it’s still unlikely there’ll be a carbon tax bill because I think in the end a very high percentage of the members of Congress think it’s kind of the third rail to support a tax, even if it’s a carbon tax,” Bryson said.

“Greenhouse gas legislation, either with a tax or with cap and trade – which is a more complicated way of getting at it but it has the advantage of politically sort of hiding the fact that you have a tax – but that’s what you’re trying to do,” he added.

Bryson said that carbon taxes – whether open or hidden in a cap and trade regime – were still not the best way to reduce energy consumption and greenhouse gasses. The best way, he said, was a robust system of regulations that penalized energy producers for producing more energy than the government deemed necessary.

Full story HERE