Cap-and-Trade Bill Draws Nationwide Protests

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People around the country are speaking out against the cap-and-trade bill recently passed by the House of Representatives.
Cap-and-trade is the heart of President Barack Obama's proposal to fight global warming.
Basically, it's a system that caps or limits carbon emissions by companies, and then creates a market for those companies to trade pollution allowances.
Critics call it the "cap-and-tax" bill. They're concerned jobs would be eliminated and monthly electric bills would go up.

"We operate in a very competitive environment.  Our concern is that cap-and-trade will disrupt that and inject a huge measure of uncertainty, unpredictability into the economic development process," said Hugh Keogh, president of the VA Chamber of Commerce.

The Senate is expected to take up the issue later this month.

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