More blatant leftist propaganda in favor of the global warming HOAX based tax. It is just a pretext for the elites in Washington to take more of our money and squander it.
“U.S. carbon tax could halve deficit in 10 years: report”
Yes, and collectivizing our farms will increase grain output, comrades.
This is one of the most stupid things I ever read.
Who the Fudge do they think will pay this tax.
ME —you snot booger. ME and the Americans who pay for everything.
They want to give the welfare and entitlement crowd a pass and make ME and the American taxpayer pay more and more and more until they frickin bleed us dry.
Not only that, but their Math is almost as bad as mine. I am no whiz at Math, but their figures are BS.
Where is that face palm?
In July, former Republican Congressman Bob Inglis launched a think tank to promote a plan to raise taxes on fossil fuels while cutting income tax, a concept previously supported by former Democratic Vice President Al Gore.
Democratic Congressman Jim McDermott last month introduced a Managed Carbon Price (MCP) bill to cut and put a price on carbon emissions, while returning some money to consumers and using the rest to reduce the deficit.
I'm really glad we gave Inglis the boot in the GOP primary, I see he's still hanging out in DC with his friends.
“U.S. carbon tax could halve deficit in 10 years: report.”
Dream on.
Politicians will find some way to spend anything saved, putting us farther in debt with higher taxes.
A $50 tax on abortions could.....wait a minute....
“Imposing a $20 per metric ton carbon tax in the U.S. could reduce the country’s budget deficit by 50 percent over the next 10 years, a report by the Congressional Research Service said on Tuesday.”
Thanks for the laugh.
There would be no reduction, we all know that government would spend the new inflow of money and not use to reduce anything!
*A "sustainable" job is one that generates a profit for the employer. A job that does not generate a profit for the employer ceases to exist when the employer goes bankrupt. A government job is not a "sustainable" job, since it ceases to exist when all sustainable employers cease to exist.
The problem isn’t revenue it’s on the spending side. They would just increase spending.
Carbon Tax would halve production, which would double the deficit.
Why do they pretend liberals would apply additional income to the deficit?
“Lower-income households, in particular, would face a disproportionate impact if revenues were not recycled back to them in some fashion,” the report said.”
That’s a pretty fancy way of saying: From each according to his ability, to each according to his need.
Of course, the report assumes that there will be no future spending increases.
Wouldn’t this be ‘raising taxes on the middle class’?
And wouldn’t it hurt the poor and struggling disproportionally?
And of course, the premise on which Carbon taxation is based is fraudulent (Global Warming).
Of course the case could be made that soon, only the rich will have cars to tax carbon on, and we will all be using firewood to heat our homes, but then they might carbon tax that as well...
Hey! I’ve got a great idea!
Let’s tax gasoline at $5 a gallon!
It’ll reduced the deficit by half in two years!
Whoopee!