The Senator is not the only one to pull back the wizard's thin veil on this tax it into oblivion 'scheme'. The WSJ, CNBC, The Detroit Press, Warren Buffet, and The 'i(heart)obama monogrammed knee pads NY Times all say that cap n trade is an economy killer.
Cap and Trade is a gub'mint manufactured 'solution' to a demagogued frenzy of pseudo-science known as global warming, or climate change. This warming, or change, has been thoroughly discredited by hundreds of reputable scientist, but the fanatical faithful tenaciously cling to this deluded chicken little dogma like a mesmerized cult.
Hence, the solution is gub'mint (isn't it always?). The intent, of course, is to funnel more private dollars from industry to the gub'mint in the form of that snake oil commodity of a deluded conscience, carbon credits.
In short, carbon credits are an imaginary commodity created by deducting what you hope happens from what you guess would have happened.
Think of it as a de facto tax on industry that -wait for it - trickles down in the form of higher prices to wholesalers, retailers & consumers which simply adds to killing our economy.
But, based on our Dear Leader's heretofore, superior intellect razzle dazzle, I think that's his objective. I'm just sayin'...