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Summary of Draft Carbon Tax Legislation
Representative John D. Dingell
The earth is getting warmer and human activities are a large part of the cause. We need to act in order to prevent a serious problem. The world’s best scientists agree we need to reduce greenhouse gas emissions by 60-80 percent by 2050 in order to limit the effects of global warming and this legislation will put us on track to do just that.
This is a massive undertaking, and it will not be easy to achieve, but we simply must accomplish this goal; our future and our children’s futures depend on it.
In order to get to this end we need to have a multi-pronged approach. In addition to an economy wide cap-and-trade program, which would mandate a cap on carbon emissions, a fee on carbon emissions is the most effective way to curb emissions and make alternatives economically viable.
Originally posted by AugustusMasonicus
I do see the Earned Income Tax Credit is being increased....
Originally posted by closettrekkie
Yup, I knew it wouldn't take long before this whole global warming thing would just turn into a way for people to profit from it.
Originally posted by JacKatMtn
It's all about making money, it always is....
Disguised as concern for the Earth, and perceived compassion for the less fortunate.