Excerpts:
A recent story in EnergyGuardian (sub. req’d) centered on Senator Sheldon Whitehouse’s (D-R.I.) support for the carbon “fee” bill introduced by his colleagues Sen. Barbara Boxer and Sen. Bernie Sanders. Fortunately, the newly-released NERA study gives us a quantitative estimate of how much their scheme would hurt the U.S. economy. The whole episode fulfills the warnings that many of us have been making during the carbon tax debate. Specifically, advocates of a carbon tax rely on a bait-and-switch, where they make wild promises about the alleged environmental benefits of a relatively modest tax rate. As the NERA study shows, however, if the tax rate is modest, the environmental impact is negligible, but if the rate is high enough to really reduce U.S. carbon dioxide emissions, the economic impacts are absolutely devastating.
The Boxer-Sanders “Fee”: Bait-And-Switch
The specific legislation proposed by Boxer and Sanders describes itself in this way:
Price Carbon — While setting a long-term emissions reduction goal of 80 percent or more by 2050 as science calls for, the legislation would enact a carbon fee of $20 per ton of carbon or methane equivalent, rising at 5.6% a year over a ten-year period….The Congressional Budget Office estimates this step alone could raise $1.2 trillion in revenue over ten years and reduce greenhouse gas emissions approximately 20 percent from 2005 levels by 2025. Additional emissions reduction under this legislation would occur as a result of the energy investments, and ongoing efforts by the EPA and a number of states. [Bold added.]
Now the part I have put in bold is crucial, and it epitomizes exactly what I was saying in my post about the new NERA study. The proponents of a carbon tax (or “fee” as Boxers and Sanders are euphemistically calling it) want to have their cake and eat it too. On the one hand, they point to the “settled climate science” to show why a drastic and aggressive reduction in U.S. emissions is extremely important." ...........
The rest of the article is linked below and worth reading.
This reminds me of the origins of the First Climate Exchange Program. NOW IS A GOOD TIME TO REVIEW:
"They" have four more years to do what they couldn't get done the first four. Taxing CO2 is obviously still on the Democrat agenda list. Who "they" are specifically turns out to be a pretty important thing to know and can be found with a quick search and in the articles at the end of this blog. We need to remember who were are up against. The left bided its time on this scam that will make billionaires into multi-billionaires while the rest of us pay the tax that ultimately goes in their pockets. The final cost will reach the consumers of every product, including food that is touched by industry producing CO2. That is pretty well EVERY THING. .
One of the titles of the articles below says Closes Cap and Trade System but Keeps Eye on Future! The future is NOW!
Obama, Gore, Boxers, and Sanders --- The Shore Bank --- The Chicago Climate Exchange --- Investigate!
Know the truth.
READ MORE->
I had made a sign for the Tea Party March in DC. It was colorful and said, "CAP AND TRAITOR" It's somewhere online. But apparently some people still have a few dollars left over from their paychecks...........and ...