More on cap and trade

There's lots of excitement about cap-and-trade, so here's a note of caution:

Democratic leaders want to bring the bill up for a full House vote by August.

The legislation would then be sent over to the U.S. Senate, where there is much stronger opposition. The full Senate may not take up the bill until early next year.

PS. As the bill currently exists I'm leaning towards being opposed to it. It pains me to say that, but this bill is presumably only the first step on a long road to dealing with climate change, and providing giant dollops of corporate welfare at the expense of middle-class voters does not seem like a good way to start out.