Cap-and-trade DOA?

Alternative energy tax credits instead

According to CNBC's White House correspondent John Harwood, President Obama is ready to give up on his cap-and-trade program in order to protect his plans for health care. Instead of cap-and-trade, Harwood claimed Obama would focus more on tax incentives for promoting alternative energy. Likewise, I'd assume that if Congress increases CAFE standards based on the EPA's new "health danger" designation regarding CO2 emissions, much of what cap-and-trade would have accomplished for the auto industry can still be achieved.