Details of Boxer-Kerry Draft Cap-and-Trade Bill

Two U.S. senators will release on Wednesday a draft climate bill that calls for slightly higher greenhouse gas cuts by 2020 than an earlier version approved by the House of Representatives, but that also includes provisions designed to ease the financial burden of cap-and-trade legislation on business and industry.

The bill unveiled by Senators Barbara Boxer (D-Calif.) and John Kerry (D-Mass.) calls for a 20 percent cut in greenhouse gas emissions below 2005 levels by 2020, as opposed to a 17 percent cut in the House version.

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