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Obama May Levy Carbon Tax to Cut U.S. Deficit, HSBC Says
Business week | 11/7/12 | Matthew Carr

Posted on 11/07/2012 9:49:12 AM PST by SoFloFreeper

Link only: http://www.bloomberg.com/news/2012-11-07/obama-may-levy-carbon-tax-to-cut-the-u-s-deficit-hsbc-says.html


TOPICS: Business/Economy; News/Current Events
KEYWORDS: taxes
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Bloomberg/Link Only.

Enjoy your higher energy prices, America.

1 posted on 11/07/2012 9:49:15 AM PST by SoFloFreeper
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To: SoFloFreeper

Never be friends with an Odumbo voter.


2 posted on 11/07/2012 9:55:08 AM PST by max americana (Make the world a better place by punching a liberal in the face)
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To: SoFloFreeper
"Obama May Levy Carbon Tax to Cut U.S. Deficit, HSBC Says"

I'm sure 0 would like to be able to levy taxes, but sadly for him Congress must approve them.

Not happening...

3 posted on 11/07/2012 9:58:16 AM PST by PreciousLiberty (Pray for America!!!)
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To: SoFloFreeper

May !?

LOL

He will and can do it thru EPA presidential fiat. Congress not needed.


4 posted on 11/07/2012 9:58:25 AM PST by Para-Ord.45
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To: SoFloFreeper

That would require majority of the House to vote for it. Not Gonna Happen.


5 posted on 11/07/2012 9:58:32 AM PST by technically right
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To: SoFloFreeper

And so it begins.....


6 posted on 11/07/2012 10:00:16 AM PST by mikrofon (+ Prayers for America +)
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To: SoFloFreeper

There was an earlier effort to open a carbon exchange trading center in Chicago, as part of a longer-termed plan to move the financial exchanges out of New York City and into Chicago.

It fell through when the carbon exchanges in the EU and elsewhere went belly up.

I’ll bet the Chicago Mafia will now revive that move, and we may see Wall Street shut down and moved to the Loop.


7 posted on 11/07/2012 10:00:25 AM PST by Cicero (Marcus Tullius)
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To: PreciousLiberty

Unless he calls this “tax” something else...like a “required fee” or “regulatory reform cost” and have it administered by Lisa Jackson at the EPA.


8 posted on 11/07/2012 10:00:43 AM PST by SoFloFreeper
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To: SoFloFreeper

If Goldman Sachs has anything to say about it, it will happen.


9 posted on 11/07/2012 10:01:15 AM PST by waus (FUBO UFCMF, Just in case I stuttered, FUBO)
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To: SoFloFreeper

Just so everyone knows: The Carbon tax will tax business.

Business will pass that cost on to consumers.

Obama could just save time and trouble if he just taxed us to begin with because we are the ones who will be paying it.

Plus the Bush tax cuts that won’t be renewed, plus higher health care costs, plus the higher cost of Medicaid.plus anything else they can think of. Believe me Democrats can think of a lot of things.


10 posted on 11/07/2012 10:02:21 AM PST by Venturer
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To: SoFloFreeper
"Unless he calls this “tax” something else...like a “required fee...” "

He can always get Justice Roberts to help him with that.

11 posted on 11/07/2012 10:02:58 AM PST by mass55th (Courage is being scared to death - but saddling up anyway...John Wayne)
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To: SoFloFreeper

Think in terms of 1600.00 per month heating and cooling bill for a 1600 sqft home. That is what we are looking at.


12 posted on 11/07/2012 10:04:43 AM PST by buffaloguy
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To: SoFloFreeper

Think in terms of 1600.00 per month heating and cooling bill for a 1600 sqft home. That is what we are looking at.


13 posted on 11/07/2012 10:04:43 AM PST by buffaloguy
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To: SoFloFreeper

Think in terms of 1600.00 per month heating and cooling bill for a 1600 sqft home. That is what we are looking at.


14 posted on 11/07/2012 10:04:43 AM PST by buffaloguy
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To: SoFloFreeper

Think in terms of 1600.00 per month heating and cooling bill for a 1600 sqft home. That is what we are looking at.


15 posted on 11/07/2012 10:04:58 AM PST by buffaloguy
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To: SoFloFreeper

Think in terms of 1600.00 per month heating and cooling bill for a 1600 sqft home. That is what we are looking at.


16 posted on 11/07/2012 10:04:58 AM PST by buffaloguy
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To: SoFloFreeper

Think in terms of 1600.00 per month heating and cooling bill for a 1600 sqft home. That is what we are looking at.


17 posted on 11/07/2012 10:05:03 AM PST by buffaloguy
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To: technically right

That would require majority of the House to vote for it. Not Gonna Happen.

He don’t need no Congress!

Get with the program, please!


18 posted on 11/07/2012 10:05:48 AM PST by tcat
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To: SoFloFreeper

Whoops, sorry about the multiple posts.


19 posted on 11/07/2012 10:06:48 AM PST by buffaloguy
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To: SoFloFreeper

And so it begins....


20 posted on 11/07/2012 10:09:14 AM PST by dforest
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