By Phil Kerpen
Published August 04, 2010 | FoxNews.com

Cap-and-trade is stalled in Congress but it’s already up and running in 10 Northeastern states – and it isn’t pretty. With a drumbeat building in New Jersey for repeal of the state cap-and-trade legislation and attention in the global warming debate being increasingly focuses on the states, this could be a key turning point in the state-level fight over global warming taxes.

Mark Lagerkvist of New Jersey Watchdog has blown the lid off the secretive – and possibly corrupt – working of the so-called Regional Greenhouse Gas Initiative (RGGI, pronounced like the name Reggie), the nation’s only currently-operating cap-and-trade scheme for greenhouse gases and the model for a the proposed national program.

Read the rest at FOX Forum.

Listen to a related 2-minute KerpenCast here.