Flashback 2011: Obama on raising gas taxes: ‘It hurts’ families and businesses

Flashback: Obama on raising gas taxes: ‘It hurts’ families and businesses

http://junkscience.com/2016/02/flashback-obama-on-raising-gas-taxes-it-hurts-families-and-businesses/

From his March 30, 2011 address on energy security. Full address below. ### The White House Office of the Press Secretary For Immediate ReleaseMarch 30, 2011 Remarks by the President on America’s Energy Security Georgetown University Washington, D.C. THE PRESIDENT: . . .

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President Obama Proposes $10 per Barrel Carbon Tax

President Obama Proposes $10 per Barrel Carbon Tax

http://wattsupwiththat.com/2016/02/04/president-obama-proposes-10-per-barrel-carbon-tax/

Guest essay by Eric Worrall President Obama has proposed a $10 per barrel carbon tax to fund renewable energy, and to “encourage” people to stop using oil. From the Whitehouse Statement; For too long, bipartisan support for innovative and expansive transportation investment has not been accompanied by a long-term plan for paying for it. We…

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Bill Nye: IRS needs to impose a ‘carbon fee’ – ‘I strongly believe it would change the world’

http://www.huffingtonpost.com/entry/bill-nye-carbon-fee_565cd62ae4b08e945fec57ab?utm_hp_ref=green&ir=Green§ion=green

“We have the system to collect it,” Nye said. “We have the Internal Revenue Service. It’s a bureaucracy that exists. People love to hate it. People also love to not die. But there’s two things you can count on: death and taxes. So we could do this if we we’re motivated. I’m a big supporter of it. I strongly believe it would change the world.”

Nye explained that the high cost of such a fee on carbon would force changes in many industries, from transportation to agriculture to meat production, creating a domino effect of environmental consciousness.

“The price of meat would go way up, or up a little bit. People would be less motivated to buy expensive meat. Ranchers who produce the meat would now do it in a less carbon-producing or methane-producing way. Everybody would be motivated to do more with less, to do a better job,” Nye said.…

‘The Carbon Tax Rainmakers’ – Pay up to get the weather you want

http://www.americanthinker.com/blog/2015/10/the_carbon_tax_rainmakers.html

Doing nothing would lead to the same CO2 levels only slightly sooner (two years). It is estimated that cutting US emissions in half by 2050 would impact earth temperatures less than 0.1 degrees C. These numbers are much too small to make any discernable difference in global temperature or weather (hurricanes, droughts, etc.)

A carbon tax (or fee) on energy in the US will cost about $3 trillion by 2030. It is estimated that the Citizen’s Climate Lobby carbon price rate will increase the cost of electricity about 8 cents/kWh by 2030.  Its intended purpose is to artificially kill coal and natural gas use (both 4 cents/kWh) compared to wind (8 cents/kWh) and solar (12-30 cents/kWh) and “…necessarily bankrupt fossil fuel power plants….” as stated by candidate Barak Obama in 2008. This will at least triple the cost of electricity most of which the middle class will pay after 2030 as there will no longer be any “dividend”.

Advocates of a carbon tax will argue that the US tax is only a start and the US needs to take the lead so the rest of the world will follow. It will take $44 trillion more to de-carbonize the rest of the world. And who will pay it?

 

Read more: http://www.americanthinker.com/blog/2015/10/the_carbon_tax_rainmakers.html#ixzz3oBLpZlh0

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Senators Introduce Carbon Tax

Last week, Senator Sheldon Whitehouse (D-RI) and Senator Brian Schatz (D-HI) introduced the American Opportunity Carbon Fee Act. According to the Senators, this bill aims to address concerns regarding climate change, while simultaneously improving economic performance.  Specifically, this bill will impose a tax on carbon dioxide emissions.

 

This tax would be levied at $45/metric ton in 2016 and increase by 2% each year afterward. The tax is targeted at large emitters of greenhouse gases, such as methane, and companies that mine, extract, or import fossil fuels. Over the course of a decade, the Joint Committee on Taxation estimates the total revenue collected would surpass $2 trillion.

 

The senators plan to use the tax revenue in four ways. First, cut the marginal corporate income tax rate by 6%, from 35% to 29%. Second, provide workers with $500 refundable tax credit against their Social Security payroll tax. Third, increase Social Security, veterans, and disabled Americans benefits by $500, which would be adjusted for inflation going forward.  Lastly, the revenue would fund block grants to states to fund programs to help workers of impacted industries transition to new jobs.…