Porgressives Going for a Carbon Tax Again? America Under Attack

Be aware - Mr Obama is going after this country on every level to bring America down, and then "Fundamentally" change into a third world country dominated by tyrants. He believes America is wrong on all fronts. It must be punished and he is just the guy to do it. It's the progressive agenda in a nut shell.

This really isn't that hard to believe in that what Harry Reid and Mr Obama are doing, as we speak, is exactly that, driving wages down, prices up along with a debt that will never be paid off.

The next several generations, yeah, generations, not decades, will be under the boot of debt that was brought down on all of us by voters that had no clue of why the voted for Mr Obama, and many new legislators that are further left then Al Frankin, if anyone can believe that.

So who did actually vote for self destruction? Who voted to enslave their kids, and their kids, and their kids under a debt to the Chinese and others, that is so huge that having two meals a day will seem like old times in America. A real time to celebrate the power of Mr Obama and an all powerful government.

The Carbon Tax: A Devastating Proposition
January 21, 2013
Source: David Kreutzer and Nicole Loris, "Carbon Tax Would Raise Unemployment, Not Swap Revenue," Heritage Foundation, January 8, 2013.

Implementing a carbon tax may seem like an appropriate measure to both raise revenues and support an environmental agenda keen on reducing greenhouse emissions, but a new carbon tax would trigger a rise in unemployment while failing to deliver on its goal of raising revenue, say David Kreutzer and Nicolas Loris of the Heritage Foundation.

• Most of America's energy needs are met through carbon-emitting fossil fuels, meaning that any new regulations would result in an increase in energy costs.
• Higher energy costs disproportionately affect the poor, who spend a larger percentage of their monthly income covering utilities.
• Businesses paying higher energy prices would pass those expenses on to the consumer, which would lower the power of consumer spending and ultimately lead to fewer jobs.
• A 2012 analysis by the U.S. Energy Information Administration (EIA) of a $25 carbon tax that rises 5 percent a year found that a family of four would incur $1,900 in additional expenses by 2016, while gasoline prices would rise up to $0.50 per gallon.

In addition to the EIA estimate that a carbon tax would result in a loss of more than 1 million jobs, a carbon tax is improperly targeted. Reducing or eliminating a developed country's greenhouse gases would only slightly reduce overall global emissions because developing countries like Brazil, Russia, India and China (BRIC) are responsible for the most pollution.

• BRIC countries desire cheap energy and would be unlikely to follow America's greenhouse lead.
• The suggestion that a new carbon tax could be offset by reducing other taxes is unlikely to gain any ground as Washington struggles for sources of income.
• An alternative suggestion holds that a carbon tax would eliminate any needs for the regulation of carbon dioxide. If this were true, cap-and-trade would have been successful.

After considering these facts, a carbon tax seems illogical, a conclusion echoed by two recent bipartisan resolutions that draw attention to the potential negative economic and environmental repercussions of implementing a carbon tax scheme.