Posted on 07/05/2012 10:10:16 AM PDT by mojito
ON Sunday, the best climate policy in the world got even better: British Columbia’s carbon tax — a tax on the carbon content of all fossil fuels burned in the province — increased from $25 to $30 per metric ton of carbon dioxide, making it more expensive to pollute.
This was good news not only for the environment but for nearly everyone who pays taxes in British Columbia, because the carbon tax is used to reduce taxes for individuals and businesses. Thanks to this tax swap, British Columbia has lowered its corporate income tax rate to 10 percent from 12 percent, a rate that is among the lowest in the Group of 8 wealthy nations. Personal income taxes for people earning less than $119,000 per year are now the lowest in Canada, and there are targeted rebates for low-income and rural households.
The only bad news is that this is the last increase scheduled in British Columbia. In our view, the reason is simple: the province is waiting for the rest of North America to catch up so that its tax system will not become unbalanced or put energy-intensive industries at a competitive disadvantage.
The United States should jump at the chance to adopt a similar revenue-neutral tax swap. It’s an opportunity to reduce existing taxes, clean up the environment and increase personal freedom and energy security.
Let’s start with the economics. Substituting a carbon tax for some of our current taxes — on payroll, on investment, on businesses and on workers — is a no-brainer. Why tax good things when you can tax bad things, like emissions?
(Excerpt) Read more at nytimes.com ...
You can tell where this is headed. The left is already in a lather at the prospect of a 2nd Zero term. When I exhale, that's an emission. I'm waiting for Zero's 2nd term when he proposes a breathing tax to be implemented by executive fiat. The Roberts' court has already said that such a tax is constitutional. Add that to the ruling that said the EPA can do whatever it likes to regulate carbon dioxide "pollution" and you can see that your days of liberty are numbered.
Welcome to tyranny. Have a happy, emission-free day!
“This was good news not only for the environment but for nearly everyone who pays taxes in British Columbia, because the carbon tax is used to reduce taxes for individuals and businesses.”
What happens when the energy companies raise their rates?
Someone there actually believes that the House will propose & pass such a tax?
What about the Carbon Based Life Forms infesting the Enterprise?
The cost of heating a home in BC is substantial in winter. Some will have to go without heat this winter.
These creeps are nuts.
If it's really revenue-neutral, then doing nothing at all is a more sensible option.
The US should jump at the idea of a tax on lies in the media.
“The United States should jump at the chance to adopt a similar revenue-neutral tax swap. It’s an opportunity to reduce existing taxes, clean up the environment and increase personal freedom and energy security.”
I have never, in my adult life, ever read such a moronic and utter falsehood in my life. The fecking Commies at they dying rag NYT want war, they may get it. Reduce taxes? Carbon HELPS the eco-system. Personal freedom incrased? By whom, bicyclists? Energy security? For whom, Solyndra or Lightsquared?
This is Commie garbage...
Just another reason to vote Obama out, and as many Democrats in the House and Senate that we can muster! And we can point to this tax, along with all the new Obamacare taxes, as good reasons to defeat him, when talking to our friends, family, etc.
We're in a new "post-constitutioanl" era where the left can do whatever it likes (thank you Justice Roberts). The EPA can “regulate” carbon, and by regulate they can impose fines. The CJ just ruled that there's no difference anymore between fines or penalties, and taxes.
One of the authors Bauman, is a Left Wing economic comic:
http://www.standupeconomist.com/
The NYT is running out of lies and resources...dipping into the hipster comedians?
LOL
Yes, it is, and not in the way the authors apparently mean. "Sensible" is a liberal code word for "it sounds reasonable, so no need to actually think about it."
Trouble is the “Law of Unintended Consequences” has not been repealed! Fossil fuel and energy generated from it is relatively cheap. Nuclear power isn't going to be an alternative, only very expensive and very inefficient “renewable energy” will be tax exempt. Business and industry needs energy to do what they do... and so they will do it elsewhere.
BC will lose its manufacturing base, as energy prices climb, and corporate taxes remain static, or are increased to make up for revenue loss due to business flight from the province. The result? Less revenue, more unemployment, and another unintended utopian economic disaster.
If it moves, tax it.
If it keeps moving, regulate it.
And if it stops moving, subsidize it"
- Ronald Reagan
Now we can have the Volt tax and everyone who doesn;t own one can be fined.
That's a really big "if". In fact it's so big I would never trust the accounting used to deem the swap "revenue neutral".
Why? Haven't things been getting better under Harper or is that the reason?
A carbon tax has one advantage: It is effectively a sales tax that is easier and less invasive to collect but for one use I can think of: How do they collect a carbon tax from people who heat their homes with wood?
Green Energy Leaves 800.000 Germans In The Dark
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