Posted on 12/12/2021 10:36:51 AM PST by SeekAndFind
At a time when the Biden administration is panicking in an attempt to keep energy prices down, the House has slapped a "fee" on methane that is being called a "stealth tax" on natural gas and everyone who uses it.
The House bill results in an "escalating tax on methane emissions by oil and gas producers," a new op-ed in the Wall Street Journal points out. The tax will hit $1,500 per ton by 2025 and the fee is supposed to be a contribution to recent promises made in Glasgow to curb methane emissions.
The cost of the fee will obviously get passed along to the consumer, which will then result in even higher energy prices than consumers are already struggling with. 180 million Americans use natural gas to hear their homes, the report says.
In the meantime, the Energy Information Administration (EIA) has come out and stated that half of U.S. households that heat with natural gas will pay 30% more than winter than they did last year. This methane tax could add another 17% to an average bill, the WSJ editorial board writes.
The WSJ op-ed board calls it a "regressive tax" and says that "Department of Energy notes the average energy burden for low-income families is three times higher than for more affluent households".
The methane tax "exposes the contradiction at the heart of Democratic climate policy" and clearly violates President Biden's promise not to raise taxes on those making less than $400,000 per year, the op-ed argues.
The op-ed concludes by arguing that once the methane tax is in place, it'll be easy to raise over time. Combined with new methane regulations, it'll continue to raise costs and introduce inefficiencies for producers.
The methane tax is "targeted, punitive and can be linked to higher consumer energy bills," the op-ed concludes.
The rich get their salt tax exemption and the poor get the bill. Typical Democrat policy
Notice when the tax hits the highest? Biden isn’t running again.
...but I know, so-and-so in the Senate is a RINO and that is ALL that matters.
Yep. We didn’t go far enough on January 6th and that’s proven more and more each day. If democrats steal the midterms and 2024, not going far enough on Jan. 6th will go down in history, at least un-revised history, as the biggest missed opportunity in US history.
It’s OK if people freeze this winter. It helps in the fight against globull warming.
I trust the young people know what the voted for and will enjoy paying the taxes and the interest on the unsustainable debt.
True, we are laying down dying as a country..
Traitor Joe Biden
https://rumble.com/vqmst3-traitor-joe-biden.html
“Fee” was an invention of California.
Before they got their super majority, everything needed to be voted on.
Then they invented “Fees”.
Now they run everything in CA by fees.
Think of it as a VAT without anyone voting on it.
This has already been implemented in many parts of the USA.
Ever wonder where that “driving in the car pool lane” fee came from?
California
Joe Biden creates more than his fair share of methane, tax him.
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“ The rich get their salt tax exemption and the poor get the bill. Typical Democrat policy”
When it comes to lies, the Democrats give Satan the tightest game he’s ever had.
Oh, they believed that promise? That's cute.
Dementia Joe's energy policies have been disastrous literally from Day One, with the cancelation of the Keystone project. Absolutely nothing his administration's "experts" have done since then has been any improvement. Laying a new tax on energy down in the middle of a difficult winter is really just about par for the course: tin-eared, oppressive, money-grubbing, and indifferent to the hardship it causes and the promises it breaks.
“Our Founders would have laid siege to D.C. already.”
A one megaton thermonuclear device exploded at ground level on the Mall…on a work day when they are all in town.
Probably the only way to save America.
At the same time, old tech and “dirty” fuel oil gets subsidized for many home heating consumers on the East Coast?
Wasn’t he caught releasing a large amount at the Vatican?
You can’t tax a nation into prosperity.
Politicians and their cronies, sure but not the nation.
Democrats serve Satan, so lies are just business as usual for them.
The jackass in chief will just raise inflation more with this tax while saying he is trying to lower it. I swear this man must have an IQ of 60. What the hell is he thinking?
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