November 08, 2012

Bronco Bamma May Levy Carbon Tax To Cut Deficit

Shorter: I won

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…

$154 billion by 2021 will do what? to our current debt of $16,214,358,823,745.30 (+)?

This is really all about social justice, via the EPA's environmentalists wackos:

At app 27 minutes in "Sustainability" and concept of "Sustainable Development": "Healthy Environments", Strong Economies, Sustainable Society's & Social Justice". "Anti-colonialism, Eco-feminism & Eco-socialism can be part of sustainability too."

Related I won:

Case in Which Dick Morris Wasn't Wrong[2nd Amendment & UN]
November surprise: EPA planning major post-election anti-coal regulation
Environmentalism archives

By Stable Hand at 09:03 AM | Comments |