Posted on 07/15/2021 7:57:09 AM PDT by karpov
WASHINGTON — Democrats have agreed to include a tax on imports from nations that lack aggressive climate change policies as part of a sweeping $3.5 trillion budget plan stocked with other provisions aimed at ratcheting down fossil fuel pollution in the United States.
The move to tax imports was made public Wednesday, the same day that the European Union outlined its own proposal for a similar carbon border tax, a novel tool that is designed to protect domestic manufacturing while simultaneously pressuring other countries to reduce the emissions that are warming the planet. The two actions in concert suggest that government leaders are turning toward trade policy as a way to attack climate change.
Top Democrats called the timing coincidental but said both the United States and Europe must work together to put pressure on China and other heavy polluting countries to reduce emissions.
“The United States and the E.U. have to think in terms of the leadership that we can provide and the message that we have to send to China and other countries that would take advantage of the high standards that we are going to enact,” Senator Edward J. Markey of Massachusetts said in an interview. The budget plan also includes a number of significant Democratic priorities on climate change, including a mechanism known as a clean electricity standard that would require power companies to gradually ratchet up the amount of electricity they generate from wind, solar and other sources until they’re no longer emitting carbon dioxide.
There are also new tax breaks for wind, solar and other renewable energy, as well as electric vehicles, a “methane reduction fee” and funding for a civilian climate corps, modeled after New Deal-era programs, to create jobs in addressing climate change and conservation, according to lawmakers.
(Excerpt) Read more at nytimes.com ...
So every single item from China will be taxed? I think not ...
Like they are going to tax China. LOL
Isn’t that every country in the world? Name one that doesn’t pollute.
I seem to remember in the not so distant past that such tariffs were deemed racist and harmful to the people of developing countries.
LOL. Like the Democrats are going to tax their Chinese masters.
I'll take things that aren't ever going to happen for $500, Alex.
Everybody’s stanks. It’s just that you can’t smell your own.
Oh, that’s a developing nation, prosperous enough to grease a few palms in Washington, but otherwise still victims of the Opium War and the suppression of the Boxer’s Rebellion.
I think you hit the nail right on the head. China will be classified as a “developing” country, and so will be exempt from the tax. And that will give China an even greater economic advantage.
When anyone proposes a tax increase, I always ask, who ultimately pays for this tax? In this case, it will be the US consumer.
Hopefully this gets bogged down another 18 months and they come up empty handed for being too greedy.
When a Democrat’s mouth is moving their lying
A call for payoffs from “polluting” countries not to enforce it.
What?! A tariff?! But I thought that was bad! They called Trump’s tariffs bad!
No, of course not. This will be just like ObamaCare. Thousands of waivers. Slide your campaign contribution over here and you get a waiver. And, as Hillary showed, contributions from ferriners are quite alright now that the Const is suspended. That is, it doesn’t apply when Democrats are getting the bribes.
So how is this different than Trump’s tarrifs that they opposed?
It’ll never happen because that would upset their friends in China too much.
If only they had sanity and used such leverage to actually improve the lives of those nations citizens…
But nope embraced the WTO and don’t give a damn
Democrats wall clocks don’t go tic tic tic they go tax tax tax just to keep the mind trained.
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