
(CBS/iStockphoto)
Democrats say they have made significant progress overcoming conflicting interests to advance climate change legislation in the House of Representatives, but one recent compromise could amount to simply another significant auto industry subsidy, some economists say.
Pressure is
mounting for House Energy and Commerce Chair Henry Waxman (D-Calif.) to bring the legislation to the House floor by Memorial Day, as he promised. The committee could vote on the bill next week.
However, the
cap-and-trade legislation in development has environmentalists who support reducing carbon emissions at odds with business-minded Democrats and Republicans, who say putting a price on carbon will hurt the economy.
Rep. Jay Inslee (D-Wash.), a strong proponent of the bill, told reporters Thursday that major progress has been made over the last 24 hours. After meeting with the
New Democrat Coalition, a centrist group that focuses on issues like national security and economic growth, Inslee said the coalition will sign a resolution urging the passage of climate change legislation this year.
"This is a very complex bill," said Inslee, chair of the sustainable energy and environment coalition. "There will be issues about this bill until the signing ceremony on the South Lawn."
Waxman has worked hard, though, "to accommodate members' concerns that are unique to their districts," Inslee said. For important committee members like former chair John Dingell (D-Mich.) and Rep. Bart Stupak (D-Mich.), that means helping the auto industry.
After meeting with the White House earlier this week, the House reached an agreement on a bill provision called "cash-for-clunkers." The program would allow consumers to trade in their old cars for a voucher of up to $4,500 when buying a new, more fuel-efficient vehicle.
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