Gephardt Says Obama's EPA Proposal Won't Pass House and Senate

Former U.S. Representative and House Majority Leader Dick Gephardt tells TheStreet's Joe Deaux that the House and Senate won't pass the Obama administration's new EPA proposal to curb carbon emissions. Gephardt says it "makes no sense" to eliminate coal, which produces about 40% of power in the United States. Instead, Gephardt recommends spending more money on research for clean coal technologies. The representative argues that the poor will greatly suffer if coal as a power source is significantly reduced. He adds that the utility companies are showing the most progress with cleaner coal.