Print Friendly and PDF

Liberal Dem Rep. Jim McDermott Introduces Bill To Tax Carbon Emissions In America

Although your carbon emissions can be offset with pixie dust and/or unicorn farts.

Last week, Fox News released a United Nations survey which suggested “innovative” ways to fund global development projects, including a tax on financial transactions and a global carbon tax on rich countries.

“Indeed, the 1997 Kyoto Protocol to the 1992 United Nations Framework Convention on Climate Change mandates only that higher-income countries make specific targeted reductions, as those countries are responsible for most of the man-made concentrations of CO2 in the atmosphere and are best able to bear the economic burden,” the survey said.

“In this vein, a tax of $25 per ton of CO2 emitted by developed countries is expected to raise $250 billion per year in global tax revenues,” the survey continued.

The carbon tax is being debated in the United States as well.

In August, Democratic Congressman Jim McDermott of Washington introduced a bill that would create a carbon emissions permitting system, placing an initial maximum price of $18.75 per ton of carbon which would then steeply rise to $131.25 per ton of carbon over a decade.

Continue Reading on

Print Friendly and PDF
Posting Policy
We have no tolerance for comments containing violence, racism, vulgarity, profanity, all caps, or discourteous behavior. Thank you for partnering with us to maintain a courteous and useful public environment where we can engage in reasonable discourse. Read more.