Budget expert makes case for allotting cap-and-trade funds to workers
With the White House calling for cap-and-trade revenues to be distributed as tax credits to workers, Congress is juggling a series of proposals on how best to approach this and weighing whether or not it is an effective way to allocate funds. During today's OnPoint, Robert Greenstein, executive director of the Center on Budget and Policy Priorities, discusses the legislative steps that could be taken to minimize the effects of rising energy prices on consumers. Greenstein explains why he believes utilities should not be delivering price relief to low and moderate income customers. He also discusses whether allocating allowances to consumers would impair the effectiveness of a cap-and-trade plan.