A Carbon Tax Is An Economy Killer, Too
In response to the Waxman-Markey cap and trade bill to reduce carbon dioxide and other greenhouse gas emissions, GOP lawmakers Bob Inglis of South Carolina and Jeff Flake of Arizona are set to...
View ArticleCap and Trade: “It’s Out of Control”
I’m not critical of cap-and-trade. But it has to be used in a targeted and disciplined way, and what has happened is it’s gotten out of control.” Those are the words of former Democratic Senator and...
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$7-A-Gallon Gas Needed to Meet Government’s CO2 Cuts
As the national average of gasoline creeps to three dollars a gallon, economists are warning that high gas prices in the United States could slow the economic recovery. Other countries’ economies are...
View ArticleAu Revoir, Carbon Tax
As the Obama administration makes it clear they want to pursue a carbon capping policy to reduce greenhouse gas emissions, the French government announced that it would abandon plans to impose a...
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Tax Hikes Wrong Route to Take for Deficit Reduction Commission
Earlier this year, after Congress passed an increase in the debt ceiling, was deliberating over a trillion plus health care package, and the President’s Budget promised new record deficits, the...
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A $9 Million Villa for Al Gore, Sky-High Energy Costs for the Rest of Us
From his sprawling new $9 million ocean-view villa in Montecito, California, with its high ceilings, wine cellar, terraces, six fireplaces, five bedrooms, nine bathrooms, pool and 6,500 square feet of...
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In Australia’s Misguided Carbon Tax, a Warning for the U.S.
On Sunday, the government of Australia announced that it will implement a US$24.74 per-metric-ton tax on carbon emissions. The damage the tax is expected to do to the energy sector there, and to the...
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Carbon Tax: Won’t Reduce Deficit or Temperature
The Congressional Research Service (CRS) released a report that should be a cause for concern to all who believe in limited government. In it, CRS argues that a new tax on carbon could cut the deficit...
View ArticleThe Carbon-Tax-Swap Fantasy
To its credit, the Obama Administration has yet to endorse a carbon tax. Such a tax is promised as the one-two punch that will put a significant dent in America’s fiscal crisis and the supposed...
View ArticleThe Right Time for a Carbon Tax Is Never
Once the electorate was made to realize that cap-and-trade bills (Lieberman-Warner, Waxman-Markey, etc.) were actually taxes on fossil energy, cap and trade became political poison. So it is surprising...
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Morning Bell: 4 Reasons Warren Buffett Is Wrong on Tax Hikes
Let’s talk taxes. In a New York Times op-ed yesterday, famed investor and Berkshire Hathaway CEO Warren Buffett once again argued that the wealthy should be taxed more. This isn’t the first time...
View ArticleU.S. Carbon Tax to Shovel Dollars to U.N. Bureaucrats?
It appears there will be an international dining section for hogs at the carbon-tax trough. Any new tax that promises hundreds of billions of dollars per year, as a carbon tax does, would bring out the...
View ArticlePrevention of Airline Carbon Taxes Should Be a Model for Carbon Regulations
President Obama recently signed legislation that prevents the European Union (EU) from taxing U.S. airline emissions for planes that travel to and from EU countries. Although the EU announced it would...
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Carbon Tax a Recipe for Economic Disaster
Hopefully, one half-baked idea will be off the fiscal cliff negotiating table: a carbon tax. While it seems that both Democrats and Republicans are becoming more creative in ways to raise revenue...
View ArticleCarbon Tax: NRDC Serves Up Stale Leftovers
An old cartoon showed a customer sampling from a jar whose label is emblazoned with the words “New and Improved.” The customer asks what has changed and is told the company changed the label so that it...
View ArticleMorning Bell: Stop Meeting with the U.N. on Climate Change
Two days ago, the 18th United Nations conference on climate change wrapped up. As they did at the previous 17 conferences, developing nations demanded that the United States and other developed...
View ArticleMorning Bell: Obama’s Second Inaugural Address, Translated
Members of Congress—who are about to debate raising the debt ceiling tomorrow—should have paid attention yesterday. The President was very clear that he sees no urgency about reducing the debt and...
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Carbon Tax: House Republicans and Policy Groups Join Forces
Newscom House Republicans and various policy groups gathered on Capitol Hill this week to oppose a tax on carbon. “This is not a carbon tax,” said Grover Norquist, president of Americans for Tax...
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Carbon Tax: Australia’s Experience Is a Chance for the U.S. to Get It Right
Album / Raga / Prisma/Newscom “This is the most effective and efficient way to drive innovation to find better, less-polluting ways of producing power, goods and services,” Australian Treasurer Wayne...
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Carbon Tax: Still a Bad Idea
Newscom An anti-carbon tax amendment will likely be considered as the Senate attempts to pass its first budget in four years. While it has been made quite clear that passing a carbon tax would fail in...
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With Climate Change Science Unsettled, a Carbon Tax is Even More Useless
Kurt Strazdins KRT/Newscom Reuters’s environment correspondent Alister Doyle provides even more fodder for why a carbon (energy) tax or the Environmental Protection Agency’s (EPA) regulation of...
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Congressional Budget Office Looks at a Carbon Tax
The Congressional Budget Office (CBO) recently released its report on the impact of a carbon tax. (Disclaimer: I provided comments to the CBO on a draft of the report, earlier this year.) The economic...
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Climate Change: The Cost of “Bold Action”
This week, President Obama stood in front of the Brandenburg Gate in Berlin and declared that “the effort to slow climate change requires bold action.” Some in Congress say we need to take such bold...
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Climate Change: Lessons Learned from Around the World
Newscom If it ain’t broke, the government will break it for you. That seems to be the lesson to draw from other nations that have implemented climate change energy plans similar to the ones Obama...
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Carbon Tax: Van Hollen’s Latest Version
Representative Chris Van Hollen (D-MD). (Photo: Bill Clark/Roll Call Photos/Newscom) Representative Chris Van Hollen (D–MD) is expected to soon introduce a new rendition of his cap-and-dividend carbon...
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Australia’s Carbon Policy: Just Do Something
Album / Raga / Prisma/Newscom At this time last year, the Australian government began collecting the world’s most expensive carbon tax. A year later, it seems unanimous among Australia’s two biggest...
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Climate Change: What’s Happening?
Pat Benic/UPI/Newscom President Obama reiterated his Administration’s commitment to addressing climate change in his Galesburg speech today, calling carbon dioxide “dangerous carbon pollution.” But...
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House Pushes Back Against White House Carbon Measures
Rep. Tim Murphy, R-PA. (Photo: Tom Williams/CQ Roll Call Photos/Newscom) Before the House dismissed for August recess, it sent two important messages related to regulating (or not) carbon dioxide. The...
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Carbon Regulation: Time for America to Learn from Australia’s Mistake
Album / Raga / Prisma/Newscom Australia’s new Prime Minister Tony Abbott, who won a landslide victory earlier this month, vowed to promptly scrap the nation’s tax on carbon emissions. He began to...
View ArticleBaucus Continues Losing Streak with Energy Tax Reform Draft
Chairman of the Senate Finance Committee Max Baucus (D–MT) released a draft bill to reform the way the tax code treats energy. This latest draft reform plan misses the mark, just like his earlier...
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