Senator Barbara Boxer implied that the money raised by the now defunct Lieberman-Warner global warming cap-and-trade bill would have gone back to American consumers and Boxer further claimed that 54 Senators were prepared to move the global warming bill forward in June 2008.   

FACT: Proponents of the Lieberman-Warner bill alleged that Americans would get $800 billion in tax relief over the next 40 years.  The trouble is, the bill would have taken $6.7 trillion in order to fund the $800 billion.  That’s one dollar back for every $8 put in.  Only in Washington DC would that be considered a good return on investment.

Boxer’s claim that supporters of Lieberman-Warner had the support of 54 U.S. Senators for the Climate Tax Bill does not add up. Directly contradicting Boxer’s assertion is a letter signed on June 6 by ten Democratic Senators explicitly stating they “cannot support final passage” of the Climate Tax Bill. The letter indicates that Boxer would apparently only have had at most 45 votes today to support final passage of the bill. (Democrat Senator Robert Byrd of West Virginia, who was absent for today’s vote, had previously voted against bringing the bill to the floor on June 2.)  Source