If you didn't auction the [CO2] permits, it would represent the largest corporate welfare program that has ever been enacted in the history of the United States. All of the evidence is that what would occur is that corporate profits… — Peter R. Orszag Copy Share Image
![“If you didn't auction the [CO2] permits, it would represent the largest corporate welfare program that has ever been enacted in the history of the United States. All of the evidence is that what would occur is that corporate profits would increase by approximately the value of the permits.” quote by Peter R. Orszag](https://sms4smile.com/quotes/img-quotes/45c/peter-r-orszag-82656_auctions_if-you-didn-t-auction-the-co2-permits-it_476302.jpg)