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A carbon tax of $25 per ton of emissions would cut the deficit by $1 trillion over a decade, according to the Congressional Budget Office (CBO).
The finding was part of a report CBO just put out detailing 103 different ways in terms of both cutting spending and raising revenue the U.S. government could reduce its deficit. At a total haul of $1.06 trillion by 2021, the carbon tax was far and away the biggest deficit reducer of any option listed.
Its a policy that enjoys widespread support amongst politicians, industry spokespersons, economists, and polling of the general public. But its also on the legislative back-burner save for efforts by Rep. Henry Waxman (R-CA) and a handful of other concerned legislators while the Obama Administration attempts to cut carbon emissions through the regulatory authority of the Environmental Protection Agency.
A Carbon Tax Would Cut The Deficit By $1 Trillion
A carbon tax of $25 per ton of emissions would cut the deficit by $1 trillion over a decade, according to the Congressional Budget Office (CBO).
The finding was part of a report CBO just put out detailing 103 different ways in terms of both cutting spending and raising revenue the U.S. government could reduce its deficit. At a total haul of $1.06 trillion by 2021, the carbon tax was far and away the biggest deficit reducer of any option listed.
Its a policy that enjoys widespread support amongst politicians, industry spokespersons, economists, and polling of the general public. But its also on the legislative back-burner save for efforts by Rep. Henry Waxman (R-CA) and a handful of other concerned legislators while the Obama Administration attempts to cut carbon emissions through the regulatory authority of the Environmental Protection Agency.
A Carbon Tax Would Cut The Deficit By $1 Trillion | ThinkProgress
Want to cut the debt?
Do you know of some scenario in which fossil fuel costs DON'T increase?
Do you know of some scenario in which fossil fuel costs DON'T increase?
Any case where the government doesn't get to arbitrarily enact taxes or raise fee's with EPA regs.
A Carbon Tax Would Cut The Deficit By $1 Trillion
A carbon tax of $25 per ton of emissions would cut the deficit by $1 trillion over a decade, according to the Congressional Budget Office (CBO).
The finding was part of a report CBO just put out detailing 103 different ways — in terms of both cutting spending and raising revenue — the U.S. government could reduce its deficit. At a total haul of $1.06 trillion by 2021, the carbon tax was far and away the biggest deficit reducer of any option listed.
It’s a policy that enjoys widespread support amongst politicians, industry spokespersons, economists, and polling of the general public. But it’s also on the legislative back-burner — save for efforts by Rep. Henry Waxman (R-CA) and a handful of other concerned legislators — while the Obama Administration attempts to cut carbon emissions through the regulatory authority of the Environmental Protection Agency.
A Carbon Tax Would Cut The Deficit By $1 Trillion | ThinkProgress
Want to cut the debt?
Increased fossil fuel costs would push down economic growth and reduce revenues from income and payroll taxes.... The tax would also fall heavier on low-income households,,,
You're an idiot.
Increased fossil fuel costs would push down economic growth and reduce revenues from income and payroll taxes.... The tax would also fall heavier on low-income households,,,
You're an idiot.
I'd like to Thank Matthew for THANKING you Mr. H. for calling him an idiot..
That was the funny USMB moment of the week for me award.. HYSTERICAL !!!
At least Matthew wasn't COMPLETELY wedded to that idea..
The idea that this money WOULDN'T go right back out the door to FIGHT the PERILS of Global Warming is correct.. It wouldn't do either.. No reduction of deficit and no relief from the AWFUL Specter of Global Warming..
Matt's a bit of a decent egg. There are far worse around here LOL.
Do you know of some scenario in which fossil fuel costs DON'T increase?
Any case where the government doesn't get to arbitrarily enact taxes or raise fee's with EPA regs.
That's hardly the only cause for increasing petroleum costs. Drilling and producing a well in 5,000 feet of water costs slightly more than doing the same thing in downtown Tulsa, Oklahoma. The world's supply is drying up. The cost of acquisition is rising. Demand is outstripping supply.
And what would you do to prevent the government from 'arbitrarily' raising taxes or increasing fees via the EPA? We've had several Republican administrations now that failed to take any action on either front.
A Carbon Tax Would Cut The Deficit By $1 Trillion
A carbon tax of $25 per ton of emissions would cut the deficit by $1 trillion over a decade, according to the Congressional Budget Office (CBO).
The finding was part of a report CBO just put out detailing 103 different ways in terms of both cutting spending and raising revenue the U.S. government could reduce its deficit. At a total haul of $1.06 trillion by 2021, the carbon tax was far and away the biggest deficit reducer of any option listed.
Its a policy that enjoys widespread support amongst politicians, industry spokespersons, economists, and polling of the general public. But its also on the legislative back-burner save for efforts by Rep. Henry Waxman (R-CA) and a handful of other concerned legislators while the Obama Administration attempts to cut carbon emissions through the regulatory authority of the Environmental Protection Agency.
A Carbon Tax Would Cut The Deficit By $1 Trillion | ThinkProgress
Want to cut the debt?
