Congress is back in session, but we’re continuing what began as a recess-time series of evening briefings on the reconciliation negotiations. Check in here to find out how the sausage-making is going.
Part of the problem with carbon pricing is the thinness of markets for carbon credits. Some carbon pricing schemes use very low values and hand out allowances to important industries, so the price of a ton of carbon emissions is yet to be settled. Moving forward, the EU should have a robust carbon pricing scheme in place by 2035, with incremental marks they have to start hitting from 2026. Even China is trying to figure out the price for a ton of carbon in its emissions trading system, which seeks to have at least 40% of emissions covered under the scheme in the first phase. California has a modest cap-and-trade experiment, and we should see some pricing of allowances at auction next month. The point of such artifices, of course, would be to reach a point in decarbonization where you wouldn’t need such markets. Biden got it right today when he described solar installations with 7 days of backup battery storage for residential housing. It’s a nice layer of resilience that lowers carbon emissions over the long term.
The greedy money-grubbers aren’t interested.
Are many hurricanes, tornadoes, and floods are too much?
I’m guessing the Democratic electorate is gonna be exhausted when this is done. Probably not gonna be much taste for any more bargaining with Manchin or Sinema either.
I’m sick of both of them and thinking about who I want to support and start donating to for next year’s elections. Val Demings (FL), Tim Ryan (OH), primary Sinema campaign and Congressmen/women who need it most. Researching the latter. Is Kelly up for re-election in AZ. If so, he’s on my list. How about other commenters put up their favorites?
Yes Mark Kelly is up for election in 2022. We must make sure he gets the support he deserves!
I plan to vote for him.
Sinema,not so much…
I have never been a fan of sausage.
moderates like Sinema require that the package be paid for, she is single-handedly taking a huge revenue stream off the table by reportedly blocking all tax increases on businesses and the wealthy
So, tax the poor after you’ve kept their wages down?
What a charming lass.
" In (for now)
Out (for now)
What a fucking joke. So it’s basically a complete fucking failure to achieve much of anything any way you slice it and Faux News and the GQP are right to be gloating that the Dems are now stuck selling “lowered expectations.” The oligarchy wins again. What a fucking joke.
Why would anyone waste their time?
“Even as moderates like Sinema”
Damn near to canceling my subscription and giving up on TPM with this insistence on calling thse assholes moderates.
Well, it’s not going to, Joe. America is over.
After observing a couple of months of this complete farce and targeted performative obstinacy, I just want to say, that Harry and Meghan are rested, ready and available.
Because the citizenry allows it. Too many Americans worship money above all else. “God” is whatever you put your ultimate faith in.
It’s going to continue until they are forced to live in mortal fear of the rest of us, so yeah…it won’t ever stop.
WASHINGTON—Stressing that literally any occurrence in the coming year might threaten the party’s fragile hold on power, political experts warned Wednesday that everything that will happen between now and November 2022 could spell trouble for Democrats in the midterms. “Unfortunately for Democrats, anything that occurs in the next 12 months—really anything at all—could be a portent of a midterm upset,” said political analyst Gary Chiang, describing how every coming event that transpires before the election could have serious repercussions for the Democratic Party, including passing climate change legislation, not passing climate change legislation, a proxy war in Asia, Nancy Pelosi sitting down in a chair, the death of giant panda Mei Xiang, winning down-ballot races, the complete implementation of the Build Back Better agenda, or a shortage of turkey around Thanksgiving.
Truly. America’s finest news source and the acme of the promise of the 1st Amendment,
What’s sad is that, ultimately, that’s funny because the grain of truth underlying it is the size of a Virginia baked ham.
and that will give us an opportunity to look at voting rights.
Sorry Senator Kane… Mitch has already looked and doesn’t like what he sees, and his uni-partisan troops will follow along.
At this point, we need to pass whatever we can. Fox will spin it as bad, but they won’t get nearly the traction they would from ‘didn’t get anything done’. Pass it, increase our hold on the Senate by 2 seats next year, and then flip Manchin and Sinema the bird as we do filibuster reform (it can be useful, but it needs to put the burden on the minority to actually get up there and filibuster, instead of how it is now) and then get even more economic shit done and screw their objections.
It won’t be easy. The Republicans are working hard to make sure they can overturn the vote wherever they want. But it’s what we’ve got.