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The system may require a large regulatory apparatus. In the latest McCain-Lieberman version, the government would auction off carbon-emission permits. According to Harvard economist Robert Stavins, such sales could raise $50 billion to $100 billion a year.

I guess an economist sees that as raising money. Wouldn't most businessmen see that as an unnecessary $50 billion to $100 billion per year expense?

A tax scheme is a tax scheme is a tax scheme.

I think he's pretty serious about it.

McCain's Letter (McCain aligns with Global Enviro activists)

The Turning Point on Global Warming (McCain and Lieberman Op-Ed Alert)

Climate bill sets stage for debate (Sens. McCain, Obama, and Lieberman join forces)

McCain: Global warming is fact, must be addressed [hurl alert]

McCain Sides With Leading Dems on Global Warming (NH voter reminder ALERT

EIA's Analysis of the Lieberman-McCain Climate Change Bill Human Events

McCain's Nose-Under-the-Tent Strategy - McCain's "Climate Stewardship Act" (S. 139), co-sponsored with Senator Joe Lieberman (D-Conn.)

Kyoto Through the Back Door? A Debate on the Lieberman –McCain Climate Stewardship Act - Heritage Foundation

Promising Vote on Global Warming - "But Mr. McCain, as we know, does not give up easily. ... He promises to be just as tenacious on this issue."