Posted on 11/20/2014 9:51:14 AM PST by Rusty0604
Fresh off their legislative victory against the Keystone XL pipeline, Democratic senators are pushing a bill that would tax carbon dioxide emissions from fossil fuels that would rise every year.
Democrats argue it would raise $2 trillion, which could be used for things like paying down the national debt or funding green energy production. The tax would be levied on fossil fuels produced domestically or imported in the U.S. and cover large emitting facilities, possibly power plants or refineries.
“Right now we are subsidizing big polluters to the tune of hundreds of billions of dollars annually by allowing them to pollute for free,” said Whitehouse. “We all pay the costs of this subsidy through higher health costs, property damage from rising seas, warming waters that affect our fishing industry, and more.”
The carbon tax bill would follow the Obama administration’s “social cost of carbon” estimate, or SCC, which puts a monetary value on the costs to society per ton of carbon dioxide emitted. The idea is that the more carbon dioxide that is emitted, the more the world warms and impacts human health and the environment.
“With this bill we can take control of our economic future,” said Schatz. “This is one of the most straightforward solutions to climate change, and has growing support across the ideological spectrum.”
“Republicans in the Congress are going to take some time to warm up to this proposal, but I am confident that they will listen to their consciences and their constituents, and join us on the right side of history,” Schatz said.
(Excerpt) Read more at dailycaller.com ...
Why did they need 60 on Keystone, was someone filibustering?
This is a crock of crap. It’s all lies, used to throttle American capitalism by over-taxation and excessive regulation in the name of environmentalism. Meanwhile, global polluters like Mexico, China, India and Russia crank out pollution on an ever-increasing basis. The leftist government ignores this and focuses on what will harm American business most. It’s all about killing American capitalism for the marxist freaks in out government. And those freaks will run away with lined pockets, which is what they wanted from the beginning. It’s what we got for not paying attention...
With the exception of Judicial nominees that requires only a simply majority (51)
Why did Keystone require 60?
C’mon, the democrats have stated that this 2 TRILLION carbon tax will be used to pay down the national debt.
And i believe them.
/s
Yeah, had me going for a minute there.
California will be an excellent test case for this concept as their (already in effect) state cap & tax continues to take effect in stages.
I’ve read that the gasoline price will jump significantly.
The Dems try to tax us for GREEN ENERGY SCAMS along with handing BILLIONS to ILLEGALS.
Everything “except” JN requires 60 because of the filibuster.
so 59 voted for keystone with no filibuster. Why didn’t it pass?
The threat of filibuster.
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