The Assault On Business Starts Immediately

Discussion in 'Politics' started by Vel, Nov 7, 2012.

  1. Vel

    Vel Gold Member

    Oct 30, 2008
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    Here it goes. Let's start the slog back to double digit unemployment

    Obama May Levy Carbon Tax to Cut U.S. Deficit, HSBC Says
    By Mathew Carr - Nov 7, 2012 10:05 AM CT

    Barack Obama may consider introducing a tax on carbon emissions to help cut the U.S. budget deficit after winning a second term as president, according to HSBC Holdings Plc.
    A tax starting at $20 a metric ton of carbon dioxide equivalent and rising at about 6 percent a year could raise $154 billion by 2021, Nick Robins, an analyst at the bank in London, said today in an e-mailed research note, citing Congressional Research Service estimates. “Applied to the Congressional Budget Office’s 2012 baseline, this would halve the fiscal deficit by 2022,” Robins said.
    Hurricane Sandy sparked discussion on climate protection in the election after presidential candidates focused on other debates, HSBC said. A continued Republican majority in the U.S. House of Representatives means Obama’s scope for action will be limited, Robins said. Cap-and-trade legislation stalled in the U.S. Senate after narrowly passing the house in 2009.

    Obama May Levy Carbon Tax to Cut U.S. Deficit, HSBC Says - Bloomberg

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