Cap-and-Trade is a Tax

Representative John Dingell, questioning former vice president, Al Gore said,

"Nobody in this country realizes that cap-and-trade is a tax -- and it's a great big one," Rep. John Dingell (D-Michigan) said Friday.

Dingell compares the efficiency of a cap-and-trade tax to an energy tax and finds it wanting.  He should invite Greg Mankiw to provide testimony to the House and consider joining the Pigou Club.

Al Gore favors both taxes.