Obama Floats Carbon Tax Day After Election Victory

Why tax carbon dioxide?

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Bruce

'Less than 24 hours after winning the election, Obama has indicated he plans to further impoverish Americans by imposing carbon taxes.

Obama is selling it as a way to cut the budget deficit, according to Bloomberg.

A tax starting at $20 a metric ton of carbon dioxide equivalent and rising at about 6 percent a year could raise $154 billion by 2021, Nick Robins, an analyst at the bank in London, said today in an e-mailed research note, citing Congressional Research Service estimates. “Applied to the Congressional Budget Office’s 2012 baseline, this would halve the fiscal deficit by 2022,” Robins said.'