Kerry: Cap and tax isn't a tax

Cornyn to Kerry: Try hitting some singles instead of home-run energy legislation - The Hill's E2-Wire

Kerry said the carbon pricing was not a tax.

“Unfortunately there are some folks who call anything and everything that’s dreamed up in Washington a tax. There is no tax,” he said.

“This will not raise the cost of energy for most consumers,” Kerry added.

Flashback: YouTube - Obama: My Plan Makes Electricity Rates Skyrocket

Barack Obama: "Under my plan of a cap and trade system, electricity rates would necessarily skyrocket." (January 2008)

Flashback: YouTube - Dingell: Cap-and-trade a big tax

Congressman John Dingell, a key Democrat, says that "nobody in this country realizes that cap and trade is a tax, and it's a great big one."

Flashback: Warren Buffett Slams "Cap and Trade" as a Regressive Tax on All Americans

March 09, 2009 — This morning on CNBC's "Squawk Box," billionaire investor and prominent Obama supporter Warren Buffett slammed the administrations proposed $646 billion carbon tax known as cap and trade as a regressive tax that customers are going to pay for.