The economy is reeling under the weight of new mandates, regulations, and tax hikes (with potentially more on the way). The last thing investors or employers want to see is a jumbo energy tax disguised as a “climate-control” bill. So there are smiles all around with this news:
After a meeting of Senate Democrats, party leaders on Thursday said they had abandoned hope of passing a comprehensive energy bill this summer and would pursue a more limited measure focused primarily on responding the Gulf oil spill and including some tightening of energy efficiency standards. …
While Mr. Reid criticized Republicans, it is clear he did not have sufficient support in his own party for a broad energy bill. A number of Democratic lawmakers from manufacturing and coal-producing states were expected to oppose such a bill.
That hasn’t and won’t stop Reid and the White House from blaming Republican lawmakers. But this is one accusation to which Republicans should be glad to plead guilty. If Reid wants to accuse them of stopping another job-killing, tax-hiking, mammoth piece of legislation, I don’t think Republicans will mind.