Will "Cap and Trade" Be Good for Industry?
The House passed its American Clean Energy and Security Act just prior to its July Fourth recess and the "cap-and-trade" bill, if enacted into law, would produce sweeping changes for the country. Supporters argue that such a law must be passed to help our country do its share to reduce global warming, as well as make us more energy independent. Opponents refer to the bill as a "cap and tax" proposal that will cost consumers and damage the economy.
The large-scale impact of such a system has many industries opposed to the bill and others for it. The House bill certainly has provisions that could impact the window and door industry. Notably, energy code requirements would be ratcheted down significantly. Additionally, there would be funding for programs designed to encourage home and building owners to increase the energy efficiency of existing structures.
Do you think such a law would be good for our industry? That's our poll question of the week, and as usual, I'd like to hear your thoughts on the issue. Is it too much? Should we as a nation do more? Should the industry be looking to enhance the legislation with any specific provisions as the battle moves to the Senate? Email me and let me know what you think.