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"I think that people want peace so much that one of these days
government had better get out of their way and let them have it."
 
— Dwight D. Eisenhower
 
Cutting Greenhouse Gases: How the Climate Bill Hits Your Wallet
  

WASHINGTON -- House Democratic leaders Thursday weighed tough trade penalties on countries that don't cap so-called greenhouse-gas emissions, while President Barack Obama sought support from wavering lawmakers ahead of a vote on a climate bill.

The trade proposal is designed to protect a half dozen trade-sensitive U.S. industries, including steel, cement and chemical manufacturers, from competitors in countries that don't cap their output of greenhouse gases.

Top House Democrats and many members of the Ways and Means Committee, which has jurisdiction over trade policy, led the negotiations and effectively signed off on details of the plan late Thursday.

The measure -- expected to be folded into the 1,200-page proposal to curb U.S. greenhouse-gas emissions -- is tougher than a provision approved last month by the House Energy and Commerce Committee. It would impose the sanctions in 2020, five years before the earlier-approved version would, and give Congress authority to levy a border fee, if the president chooses not to act, that would raise the cost of imported goods.

The inclusion of the trade-related provisions is meant to appease lawmakers from heavy industry states like Pennsylvania, Ohio and Michigan who worry that limits on U.S. emissions would put domestic industries at a disadvantage to competitors in countries like China that don't limit emissions.

Rep. Sander Levin (D., Mich.) said the changes are "designed to do no more than is necessary to ensure that this important legislation is trade neutral for our energy intensive industries."

White House aides said Thursday they were still reviewing the language on imports and were not sure it would remain in the bill that comes to a vote Friday. They declined to state the president's position on the issue.

Still short of votes, the president made personal and public appeals to wavering Democrats, making a brief statement in the Rose Garden and calling lawmakers.

The proposed border-adjustment program also includes commitments to help downstream industries that make use of products that face global competition.

As proposed, the sanctions would not take effect if the U.S. enters into a global agreement to limit emissions. The legislation establishes a series of U.S. objectives for any global agreement, including a demand that any international pact include enforcement mechanisms to shield companies from unfair competition.

China's government and some major U.S. business groups, such as the Chamber of Commerce, have warned of a trade war if the U.S. imposes tariffs on carbon-intensive imports such as steel. In a letter to Congress dated Wednesday, the Chamber warned that the provisions being considered by Ways and Means "could spark a trade war" and make U.S. companies that rely on imports less competitive.

Democratic aides and lawmakers suggested the legislation was still short of the 218 votes needed to ensure passage. It was unclear by how much, but individuals familiar with the vote-counting suggested Democrats were lacking 15 to 20 votes and perhaps more.

The nonpartisan Congressional Budget Office has estimated that the legislation would have a fairly modest impact on the economy, with net annual economy-wide cost in 2020 of $22 billion -- or about $175 per household.

Republicans, and some major business groups have slammed the bill as an energy tax that would drive up the costs of goods and services and put the U.S. at a competitive disadvantage with countries that don't operate under such caps.

On Thursday, Republicans cited Bureau of Economic Analysis data showing the U.S. economy contracted at an annual rate of 5.5% in the first quarter of 2009 as further evidence for scrapping the legislation.

Speaker Nancy Pelosi met with a handful of lawmakers from timber-producing states pushing for wood byproducts to be treated as a renewable-energy source under the bill.

Democratic leaders were also looking for ways to address the concerns of a handful of lawmakers worried that a provision of the bill goes too far in toughening oversight of derivatives, congressional aides said.
 
 

A Ministry of Hope and Friendship

The start of our ministry occurred in late 2001 as America struggled to recover from the horrors of September 11th and sought answers to the question, "why do they hate us?" That question, and the many answers that surfaced as possibilities, produced the foundational objectives of an international outreach unlike any in existence. The delivery of a message of interfaith dialogue, partnership and trade was insufficient... we chose to lead by example and to prove the validity of our message.

Mission Possible exists today as an example to the world. We are proving that societies that talk, share solutions, and trade together, do not fight against each other. We are proving that the nemesis of extreme poverty is defeatable and that we can win together when we come together!

We Wish You Peace and Prosperity, Mission Possible Staff

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