Morning Update: ‘Clean’ Manufacturing Plan
Sen. Barack Obama (D-IL) released a plan (PDF) to strengthen domestic manufacturing Wednesday. The plan includes the creation of a $150 billion Clean Technologies Deployment Venture Capital Fund, which would “advance clean energy and create green manufacturing jobs in the United States.” He also reiterated his commitment to “crack down” on Chinese market manipulation.
A report from the Center on Budget and Policy Priorities concludes that a cap-and-trade system that auctions carbon allowances would allow the government to “reduce greenhouse-gas emissions in a way that does not increase poverty or otherwise harm low-income households and is fiscally responsible.” Obama, Sen. Hillary Clinton (D-NY), and Sen. John McCain (R-AZ) all have climate change policy plans that include auctioning carbon permits.
An amendment backed by McCain (R-AZ) that would give veterans additional assistance for higher education was blocked in Senate on Wednesday, the Hill reports.
