I haven't yet found a concise list of what Obama was proposing for his Cap and Trade program, but I did find this
article in the WSJ that discussed some of the numbers.
Now, as a caveat, that summary I linked earlier dealt only with Title III of the McCain/Lieberman bill (the exchange portion), and I haven't yet read the entire bill, whereas the WSJ article appears to talk about more of what is proposed by Obama than just the exchange. However, some differences:
The McCain/Lieberman exchange would be $14/ton of CO2, whereas Obama said that $20/ton was conservative and likely to be much higher. $20/ton is significant increase in cost.
At $14/ton, "this would add about 13¢ per gallon of gasoline, 77¢ per thousand cubic feet of natural gas, and $32 per short ton of coal. Based on current national average prices of $1.45 per gallon of gasoline, $3.78 per thousand cubic feet of natural gas, and $33 per short ton of coal, payment of $14 for each ton of carbon dioxide would effectively raise the cost of using gasoline by 9%, the cost of using natural gas by 20%, and the cost of using coal by 100%."
The Obama plan appears to be more focused on wealth redistribution than investing in new technologies, considering only 19% of the funds collected via the sale would actually go towards research for new/improved technologies and implementation. The rest is handed out to lower income households via additional tax credits.
Additionally, from the WSJ,
Quote:
Mr. Obama's budget also calls for new fees and taxes on oil companies that drill on federal lands, and for closing various tax credits that the industry currently qualifies for -- a step the administration says would raise about $30 billion over a decade. Beginning in 2011, Mr. Obama would assess a new excise tax on oil and gas production in the Gulf of Mexico to close what Mr. Obama's aides say are loopholes that have give companies "excessive royalty relief."
As soon as I read the McCain/Lieberman bill to see what other taxes and fees are being imposed on industries, like the OBaman plan, we can compare that section.