There’s a simple reason Democrats have never in 20 years rounded up the votes for an economy-crushing climate bill: It’s political suicide. As the reconciliation battle rages, that reality is finally—belatedly—setting in.
House Democrats this week wrapped up committee work on their $3.5 trillion reconciliation bonanza, and most of the hoopla was over taxes and entitlements. But in the background, progressives also grappled with the first signs that their other major priority—a sweeping climate agenda—is veering toward a ditch. It turns out a relevant number of Democrats are reluctant to destroy their states’ energy industries (and millions of jobs), or to saddle consumers with skyrocketing prices and blackouts.