posted on Jul, 30 2012 @ 11:01 AM
In recent weeks, several prominent Republican thinkers have floated the idea of imposing higher taxes on gasoline, coal and natural gas. The
increases, they say, would be offset by tax cuts on paychecks, dividends or corporate taxes.
Sometimes, there just aren't words to describe the feelings this invokes.
Now, I want to bring up a very important point here:
The total amount raised by the tax could be substantial. Americans consume over 400 billion gallons of gasoline a year. At a dollar a gallon,
that's $400 billion in additional tax revenue from gasoline alone, although conservatives stress it would be offset by cuts elsewhere.
But, though they claim there will be a reduction in taxes in other ways, look at my first text:
dividends or corporate taxes.
So the middle and lower class will get taxed and corporate taxes will get reduced?
But sadly, this is not a shocker.
But Inglis and others like the idea because it would let cleaner forms of energy compete with dirtier forms without the need for the complicated
mandates and tax breaks that currently support renewable energy
Or you can stop subsidizing oil companies and subsidize alternative energies.But that wouldn't make money.
It could also supersede pending greenhouse gas regulations from the Environmental Protection Agency -- something the business community and
politicians of all stripes are leery of but which the courts say the agency must carry out.
Again, putting the burden on the working class instead of making the factories and polluting industries reign their pollution in.
Cars only contribute to a fifth of the total carbon dioxide emissions. The main contributers are mostly coal plants and other power plants,refineries,
chemical plants, and landfills.
Many conservatives fear a carbon tax would not be accompanied by the corresponding tax cuts, turning it instead into just another revenue-raising
scheme for the government or to be used for deficit reduction, as some have proposed.
I hope they listen to them.