Shank and Aguto: Congress Must Tax Fo...

Shank and Aguto: Congress Must Tax Fossil Fuels

There are 5 comments on the Roll Call story from Apr 19, 2013, titled Shank and Aguto: Congress Must Tax Fossil Fuels. In it, Roll Call reports that:

The Environmental Protection Agency's decision last week to delay greenhouse gas emissions regulations for new power plants - one of President Barack Obama's main levers to limit global warming - is a serious setback to our country's commitment to environmental and health safety.

Join the discussion below, or Read more at Roll Call.

PHD

Thornton, TX

#1 Apr 19, 2013
They forgot the Fifth point. The Ind. will need to raise rates to stay in business. Guess who will pay at the end of the day?
LessHypeMoreFact

Toronto, Canada

#2 Apr 19, 2013
"First, a national tax on carbon pollution would be based on prices and rates that reflect the real economic and social costs of its harmful impacts — thus accounting for its negative externalities."

Yes. A carbon surcharge is the ONLY reasonable way to deal with such a pervasive market failure.

"Second, it would be applied progressively, in a way that returns the majority of the tax revenue to the American people, with a focus first on Americans who spend relatively high percentages of their income on carbon-based fuels, such as the poor, the elderly and those on fixed incomes, in order to substantially if not fully compensate for the increase in prices of essentials such as food, gasoline and electricity."

Yes. Rebating the surcharge in a way to compensate for the higher 'price' of carbon will offset any financial damage for those who optimize their energy use by reducing their 'carbon footprint', thus reducing the danger and costs of climate change. It should be done GLOBALLY as a replacement to KYOTO as the 'next protocol' under the UNFCC treaty.
Fun Facts

Huntsville, AL

#3 Apr 19, 2013
If money can fix it, it's not the climate that is broken.
LessHypeMoreFact

Toronto, Canada

#4 Apr 19, 2013
Fun Facts wrote:
If money can fix it, it's not the climate that is broken.
Meaningless noise. Money is the means of doing EVERYTHING within the human sphere so money is involved in ANY solution to ANY problem. It is just the way we handle priorities.
PHD

Thornton, TX

#5 Apr 20, 2013
WOW, the above does agree just follow the money it must have got religion again.

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