KarlMarx
11-08-2012, 07:36 AM
Nov. 7 (Bloomberg) -- Barack Obama may consider introducing a tax on carbon emissions to help cut the U.S. budget deficit after winning a second term as president, according to HSBC Holdings Plc.
A tax starting at $20 a metric ton of carbon dioxide equivalent and rising at about 6 percent a year could raise $154 billion by 2021, Nick Robins, an analyst at the bank in London, said today in an e-mailed research note, citing Congressional Research Service estimates. “Applied to the Congressional Budget Office’s 2012 baseline, this would halve the fiscal deficit by 2022,” Robins said.
Hurricane Sandy sparked discussion on climate protection in the election after presidential candidates focused on other debates, HSBC said. A continued Republican majority in the U.S. House of Representatives means Obama’s scope for action will be limited, Robins said. Cap-and-trade legislation stalled in the U.S. Senate after narrowly passing the house in 2009.
North American discharges fell 1.3 percent last year amid slowing economic growth. In China, the world’s biggest emitter, greenhouse gases from fuel use rose more than 9 percent in 2011, according to BP Plc statistics published on June 13.
remainder of article at
http://www.washingtonpost.com/business/obama-may-levy-carbon-tax-to-cut-us-deficit-hsbc-says/2012/11/07/28fbe4c4-28f8-11e2-aaa5-ac786110c486_story.html
Surprise of surprises, a new tax from the Administration. Now, let me give you my opinion (whether you want it or not)... all this climate change talk will suddenly vanish if this carbon tax becomes law. Why? Because all of this climate change talk is just an excuse to fool the masses (and believe me, that isn't hard to do considering the election results) into consenting to have themselves fleeced at the hands of the Obama Administration.
Soon, we will all be assessed a carbon tax individually because, let's face it, we all are guilty of carbon emissions.... I can see it now, a carbon tax on chili, cauliflower, cabbage, beans...
This is just the first down payment on the lunacy of Tuesday.... we have at least 4 more years of this kind of rip off to contend with...
A tax starting at $20 a metric ton of carbon dioxide equivalent and rising at about 6 percent a year could raise $154 billion by 2021, Nick Robins, an analyst at the bank in London, said today in an e-mailed research note, citing Congressional Research Service estimates. “Applied to the Congressional Budget Office’s 2012 baseline, this would halve the fiscal deficit by 2022,” Robins said.
Hurricane Sandy sparked discussion on climate protection in the election after presidential candidates focused on other debates, HSBC said. A continued Republican majority in the U.S. House of Representatives means Obama’s scope for action will be limited, Robins said. Cap-and-trade legislation stalled in the U.S. Senate after narrowly passing the house in 2009.
North American discharges fell 1.3 percent last year amid slowing economic growth. In China, the world’s biggest emitter, greenhouse gases from fuel use rose more than 9 percent in 2011, according to BP Plc statistics published on June 13.
remainder of article at
http://www.washingtonpost.com/business/obama-may-levy-carbon-tax-to-cut-us-deficit-hsbc-says/2012/11/07/28fbe4c4-28f8-11e2-aaa5-ac786110c486_story.html
Surprise of surprises, a new tax from the Administration. Now, let me give you my opinion (whether you want it or not)... all this climate change talk will suddenly vanish if this carbon tax becomes law. Why? Because all of this climate change talk is just an excuse to fool the masses (and believe me, that isn't hard to do considering the election results) into consenting to have themselves fleeced at the hands of the Obama Administration.
Soon, we will all be assessed a carbon tax individually because, let's face it, we all are guilty of carbon emissions.... I can see it now, a carbon tax on chili, cauliflower, cabbage, beans...
This is just the first down payment on the lunacy of Tuesday.... we have at least 4 more years of this kind of rip off to contend with...