Editorial: Cap-and-trade bill promises paltry returns

Democratic dissension, Republican opposition and growing public skepticism may derail Congress’ potentially economy-crippling carbon cap-and-trade bill, perhaps saving Americans billions of dollars. The bill’s author, Rep. Henry Waxman, D-Calif., is opposed by centrist Democrats, who fear the Draconian regulations would severely harm their constituents. Congress members representing the steel industry and coal and nuclear power […]