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Eco-Taxes? Study Financed by U.S. Treasury Will Link Tax Code to Carbon Emissions (Crap & Trade)
fox news ^ | 11/1/2012 | By George Russell

Posted on 11/02/2012 4:30:40 AM PDT by tobyhill

Coming soon: a green tax code for American businesses and individual taxpayers alike?

A major tax study currently being sponsored by the U.S. Treasury will give environmental activists a powerful new weapon in their campaign to alter the entire American economic and social landscape in the name of halting “climate change”—including the possible levying of new carbon taxes.

That campaign is bound to intensify in the aftermath of Nov. 6’s presidential election, regardless of who wins the race, as the nation faces the challenge of deficit reduction and tax reform that will be required to overhaul the country’s over-strained finances.

Environmental advocates and others are likely to raise such innovative mechanisms as carbon taxes and major shifts in tax rates and incentives as part of the process—and the impending study may well provide them with important ammunition.

Under the bland title of Effects of Provisions in the Internal Revenue Code on Greenhouse Gas Emissions, the $1.5 million study is being carried out under the auspices of the National Academy of Science (NAS).

Originally planned to take two years, the ambitious project aims to take an inventory of the U.S. tax code in terms of the effects of its most important provisions on the emission of carbon dioxide and other greenhouse gas emissions—a huge and complicated exercise in environmental and economic modelling.

(Excerpt) Read more at foxnews.com ...


TOPICS: Extended News; News/Current Events
KEYWORDS: 2012; democrats; envirofascism; taxes

1 posted on 11/02/2012 4:30:47 AM PDT by tobyhill
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To: tobyhill
Australia's Marxist government just enacted such a tax.Citizens are so angry that they're practically rioting in the streets.Electricity bills are skyrocketing as a result of the tax.
2 posted on 11/02/2012 4:35:51 AM PDT by Gay State Conservative (Ambassador Stevens Is Dead And The Chevy Volt Is Alive)
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To: tobyhill
This tax will be passed on by business to the consumer. Where the consumer can't pick up the additional tab, businesses will fail, increasing unemployment, and the beat goes on...

Time to root these ecofascists out and remove them, every one.

3 posted on 11/02/2012 4:39:46 AM PDT by Smokin' Joe (How often God must weep at humans' folly. Stand fast. God knows what He is doing)
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To: Smokin' Joe

Today is the last day to early vote in Wisconsin. Go vote these b******s OUT! Our lives depend upon it.

And after we vote them out, watch them every minute of the day that they do not enact these laws and regulations while we’re celebrating.


4 posted on 11/02/2012 5:32:42 AM PDT by afraidfortherepublic
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