Senate Trio Hopes to Hit Pay Dirt With Carbon 'Fee' on Fuels

Mar 3, 2010 | Posted by: Mr_Bill | Full story: www.nytimes.com

Key senators are weighing a request from Big Oil to levy a carbon fee on the industry rather than wrap it into a sweeping cap-and-trade system that covers most of the U.S. economy.

If accepted, the approach -- supported by ConocoPhillips, BP America and Exxon Mobil Corp. -- could rearrange the politics of the Senate climate debate and potentially open up votes that may not be there otherwise.

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1 - 20 of 25 Comments Last updated Mar 5, 2010
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Eleanor

Mundelein, IL

#1 Mar 3, 2010
" "linked-carbon fee" on transportation fuels, with revenues raised going back to consumers to help them deal with higher gas prices."

Call it what you want, but it taxes ALL the people. Since truckers/trains use energy to TRANSPORT EVERYTHING we buy/use, it will make EVERYTHING, from string beans, milk, TV's, building materials, etc.... EVERYTHING will be just a little MORE COSTLY. Any 'help' in dealing with higher gas prices will just be a WASHOUT.

EVERYBODY would buy a fuel efficient gas/electric vehicle if it cost 1/3 less than a regular vehicle. BUT instead it costs about 1/3 MORE. They are working on the WRONG end of this equation.
eric

Monroe, WI

#2 Mar 3, 2010
not to mention if everyone buys electric cars,then how do you dispose of the electric components after they are gone,like the batteries,so that creates more pollution of another kind.
The Airline industry will suffer with higher fuel prices,less people flying and less income meaning less jobs.The Motel/Hotel industry will suffer,less travelers,less vacationers so again,less jobs.Restaurants,with more disposable income going for fuel,Restaurants will suffer,less people eating out.Rental car industry suffers for the above reasons.

Since: May 08

Marrero, Louisiana

#3 Mar 3, 2010
The day this happens is the day you start eating rocks, no truck will move until you surrender.
Smacked Twice

Pulaski, TN

#4 Mar 3, 2010
A request to Senators from big oil?

Shouldn't that read, "Senators Obey Big Oil Lobbyists In Levying New Gas Tax."

This time it stinks from the top down because you know something is seriously afoot when big oil goes to the government and wants to be slapped with a new tax.

I don't see that as hope but something desperately out of order.

With revenues raised going back to consumers?

I'm sure they are going to write us a check every six months right?

Skip the middle man by skipping the gas tax since the revenue is going back to consumers anyway right?

Sounds good. A dead bill.

Ooops I forgot, I assume the middleman isn't going to do this transfer of funds for free I suppose they get their cut right? How much?

Since they aren't going to be writing drivers any checks I assume this wealth gobbled up at the pump will be redistrubuted to those who already have tens of millions of dollars?

Who is going to be splitting this windfall with big oil? The fat cats running new transportation projects? Yeah that must be it. Have those guys been seen talking to the dear Senators lately or would that look really bad about now? Or maybe they been talking to big oil?

There is definitely a triangle here.

Separate the global warming carbon gasoline tax from a global warming carbon cap and trade tax that will skyrocket peoples power bill by thousands of dollars?

Who is going to be splitting the cap and trade tax on the power bill?

I see, uber gouge it by screwing over both the power bill and the price of gasoline at the same time.

Dance it baby, we're in the money, we're in the money!
Les Claypool

Denver, CO

#5 Mar 3, 2010
Hey! It's just our government looking out for us...
dishonest democrats

United States

#6 Mar 3, 2010
The Democrats never saw a tax they didn't like. This new tax on consumers will pass.
Dying Middle Class

United States

#8 Mar 3, 2010
obama's "new normal" is to increase taxes, create higher unemployment, reduce American wages, and destroy the middle class.
Meanwhile, super rich liberals continue hiding behind their tax exempt charities that they completely own and answer to no one but them. This is not tax deductions like the American middle class gets, these are tax dodge charities that pay no taxes whatsoever. Bill Gates has 50 billion dollars hidden away tax free. Warren Buffett has 30 billion. Oprah Winfrey & Samuel L Jackson, use the same tax dodge charities to shift the tax burden onto the middle class.
Glasnos

Deltona, FL

#9 Mar 3, 2010
Obama is looking to bankrupt america ... kill the "system" so he and his communist radicals can build their socialist system.
Taxing energy in a recession? Factories use an enormous amount of energy ... transporting raw materials and finished products ... supermarkets use lots of energy ... This is a direct tax on the american people. Within months of this being pased, you'd see a rise to 12% unemployment and an overall 5-10% increases in the price of nearly everything.

“The enemy is in our camp.”

Since: Mar 08

Location hidden

#10 Mar 3, 2010
Strip those senators, whip them and run them naked thru the tall weeds!

“Headed toward the cliff”

Since: Nov 07

Tawas City, Michigan

#11 Mar 3, 2010
Anything that big oil is for can only be good for big oil. I smell a rat.
Government waste

United States

#12 Mar 3, 2010
Today, Democrat Congressmen joined outraged Republicans to stop obama's 1.7 billion dollar windmill program that is sending one billion dollars of taxpayer money to Spain and Portugal and England to created jobs for foreign workers.
questioner

Eastland, TX

#13 Mar 3, 2010
dishonest democrats wrote:
The Democrats never saw a tax they didn't like. This new tax on consumers will pass.
But this is a Republican proposal.
The Last of the Mohicans

Kissimmee, FL

#14 Mar 3, 2010
dishonest democrats wrote:
The Democrats never saw a tax they didn't like. This new tax on consumers will pass.
Yep,

Our Social Security:

Franklin Roosevelt, a Democrat, introduced the Social
Security (FICA) Program. He promised:

1.) That participation in the Program would be
Completely voluntary,

No longer Voluntary

2.) That the participants would only have to pay
1% of the first $1,400 of their annual
Incomes into the Program,

Now 7.65%

3.) That the money the participants elected to put
into the Program would be deductible from
their income for tax purposes each year,

No longer tax deductible

4.) That the money the participants put into the
independent 'Trust Fund' rather than into the
general operating fund, and therefore, would
only be used to fund the Social Security
Retirement Program, and no other
Government program, and,

Under Johnson the money was moved to

The General Fund and Spent

5.) That the annuity payments to the retirees
would never be taxed as income.


Under Clinton & Gore

Up to 85% of your Social Security can be Taxed

Since many of us have paid into FICA for years and are
now receiving a Social Security check every month --
and then finding that we are getting taxed on 85% of
the money we paid to the Federal government to 'put
away'-- you may be interested in the following:

Q: Which Political Party took Social Security from the
independent 'Trust Fund' and put it into the
general fund so that Congress could spend it?

A: It was Lyndon Johnson and the democratically
controlled House and Senate.

Q: Which Political Party eliminated the income tax
deduction for Social Security (FICA) withholding?

A: The Democratic Party.

Q: Which Political Party started taxing Social
Security annuities?

A: The Democratic Party, wit h Al Gore casting the
'tie-breaking' deciding vote as President of the
Senate, while he was Vice President of the US

Q: Which Political Party decided to start
giving
annuity payments to immigrants?

AND MY FAVORITE:

A: That's right!

Jimmy Carter and the Democratic Party.
immigrants moved into this country, and at age 65,
began to receive Social Security payments! The
Democratic Party gave these payments to them,
even though they never paid a dime into it!

Then, after violating the original contract (FICA), the Democrats turn around and tell you that the Republicans want to take your Social Security away!

And the worst part about it is uninformed citizens believe it!
obamas credit score 0

United States

#17 Mar 3, 2010
questioner wrote:
<quoted text>
But this is a Republican proposal.
Only the Democrats have the votes to pass this new nationwide tax.
History Repeats

Pulaski, TN

#18 Mar 4, 2010
A-Patriot wrote:
Strip those senators, whip them and run them naked thru the tall weeds!
Chigoes. That would get their attention. Problem is implementing it since the American people don't have any lobbyists on their side.
History Repeats

Pulaski, TN

#19 Mar 4, 2010
The Last of the Mohicans wrote:
<quoted text>
Yep,
Our Social Security:
Franklin Roosevelt, a Democrat, introduced the Social
Security (FICA) Program. He promised:
1.) That participation in the Program would be
Completely voluntary,
No longer Voluntary
2.) That the participants would only have to pay
1% of the first $1,400 of their annual
Incomes into the Program,
Now 7.65%
3.) That the money the participants elected to put
into the Program would be deductible from
their income for tax purposes each year,
No longer tax deductible
4.) That the money the participants put into the
independent 'Trust Fund' rather than into the
general operating fund, and therefore, would
only be used to fund the Social Security
Retirement Program, and no other
Government program, and,
Under Johnson the money was moved to
The General Fund and Spent
5.) That the annuity payments to the retirees
would never be taxed as income.
Under Clinton & Gore
Up to 85% of your Social Security can be Taxed
Since many of us have paid into FICA for years and are
now receiving a Social Security check every month --
and then finding that we are getting taxed on 85% of
the money we paid to the Federal government to 'put
away'-- you may be interested in the following:
Q: Which Political Party took Social Security from the
independent 'Trust Fund' and put it into the
general fund so that Congress could spend it?
A: It was Lyndon Johnson and the democratically
controlled House and Senate.
Q: Which Political Party eliminated the income tax
deduction for Social Security (FICA) withholding?
A: The Democratic Party.
Q: Which Political Party started taxing Social
Security annuities?
A: The Democratic Party, wit h Al Gore casting the
'tie-breaking' deciding vote as President of the
Senate, while he was Vice President of the US
Q: Which Political Party decided to start
giving
annuity payments to immigrants?
AND MY FAVORITE:
A: That's right!
Jimmy Carter and the Democratic Party.
immigrants moved into this country, and at age 65,
began to receive Social Security payments! The
Democratic Party gave these payments to them,
even though they never paid a dime into it!
Then, after violating the original contract (FICA), the Democrats turn around and tell you that the Republicans want to take your Social Security away!
And the worst part about it is uninformed citizens believe it!
Same old. Our "leaders" are liars. Got anything new?

How many of those guys old and new who were or are certified liars but go by the title of Christian?
History Repeats

Pulaski, TN

#20 Mar 4, 2010
questioner wrote:
<quoted text>
But this is a Republican proposal.
There is no more Republican or Democrat.

You haven't figured out yet that they claim different political party titles in order to put the citizenry against one another and to cover up that they are all controlled by the same interests.

Even more so you haven't figured out yet is who or what owns them and their offices.
History Repeats

Pulaski, TN

#21 Mar 4, 2010
It is all Marxist now and you know who or what is the author of Marxism?
skeptic

Bigfoot, TX

#22 Mar 4, 2010
Smacked Twice wrote:
A request to Senators from big oil?
Shouldn't that read, "Senators Obey Big Oil Lobbyists In Levying New Gas Tax."
This time it stinks from the top down because you know something is seriously afoot when big oil goes to the government and wants to be slapped with a new tax.
I don't see that as hope but something desperately out of order.
With revenues raised going back to consumers?
I'm sure they are going to write us a check every six months right?
Skip the middle man by skipping the gas tax since the revenue is going back to consumers anyway right?
Sounds good. A dead bill.
Ooops I forgot, I assume the middleman isn't going to do this transfer of funds for free I suppose they get their cut right? How much?
Since they aren't going to be writing drivers any checks I assume this wealth gobbled up at the pump will be redistrubuted to those who already have tens of millions of dollars?
Who is going to be splitting this windfall with big oil? The fat cats running new transportation projects? Yeah that must be it. Have those guys been seen talking to the dear Senators lately or would that look really bad about now? Or maybe they been talking to big oil?
There is definitely a triangle here.
Separate the global warming carbon gasoline tax from a global warming carbon cap and trade tax that will skyrocket peoples power bill by thousands of dollars?
Who is going to be splitting the cap and trade tax on the power bill?
I see, uber gouge it by screwing over both the power bill and the price of gasoline at the same time.
Dance it baby, we're in the money, we're in the money!
The “oil giants” would prefer NO increases in fuel taxes but one seems inevitable and they would prefer a “fixed” carbon tax they could use to estimate costs over a cap and trade tax that would render that planning impossible.

The consumer will pay for ANY tax increase. The “giants” propose a “revenue neutral” tax with the increased money collected refunded by something like a reduction in income taxes.
skeptic

Bigfoot, TX

#23 Mar 4, 2010
The Last of the Mohicans wrote:
<quoted text>
Yep,
Our Social Security:
Franklin Roosevelt, a Democrat, introduced the Social
Security (FICA) Program. He promised:
1.) That participation in the Program would be
Completely voluntary,
No longer Voluntary
2.) That the participants would only have to pay
1% of the first $1,400 of their annual
Incomes into the Program,
Now 7.65%
3.) That the money the participants elected to put
into the Program would be deductible from
their income for tax purposes each year,
No longer tax deductible
4.) That the money the participants put into the
independent 'Trust Fund' rather than into the
general operating fund, and therefore, would
only be used to fund the Social Security
Retirement Program, and no other
Government program, and,
Under Johnson the money was moved to
The General Fund and Spent
5.) That the annuity payments to the retirees
would never be taxed as income.
Under Clinton & Gore
Up to 85% of your Social Security can be Taxed
Since many of us have paid into FICA for years and are
now receiving a Social Security check every month --
and then finding that we are getting taxed on 85% of
the money we paid to the Federal government to 'put
away'-- you may be interested in the following:
Q: Which Political Party took Social Security from the
independent 'Trust Fund' and put it into the
general fund so that Congress could spend it?
A: It was Lyndon Johnson and the democratically
controlled House and Senate.
Q: Which Political Party eliminated the income tax
deduction for Social Security (FICA) withholding?
A: The Democratic Party.
Q: Which Political Party started taxing Social
Security annuities?
A: The Democratic Party, wit h Al Gore casting the
'tie-breaking' deciding vote as President of the
Senate, while he was Vice President of the US
Q: Which Political Party decided to start
giving
annuity payments to immigrants?
AND MY FAVORITE:
A: That's right!
Jimmy Carter and the Democratic Party.
immigrants moved into this country, and at age 65,
began to receive Social Security payments! The
Democratic Party gave these payments to them,
even though they never paid a dime into it!
Then, after violating the original contract (FICA), the Democrats turn around and tell you that the Republicans want to take your Social Security away!
And the worst part about it is uninformed citizens believe it!
(At least) one error…# 5. Taxation of Social Security income began under Reagan. He maintained that half the money contributed to SS was from the employer rather than the employee so half the benefits of those with a total income (including half their SS) exceeding $25,000 (if single) should be taxed as ordinary income. Clinton added that about 15% of SS benefits resulted from interest and that should be taxed as well if total income (including half their SS income) exceeded $34,000 (if single). The combination results in a situation where you may pay no tax, tax on up to 50% of SS income or up to 85% of SS income. Those $25,000 and $35,000 numbers are NOT adjusted for inflation so eventually EVERYONE beyond abject poverty will pay on 85% of their SS unless the law changes.

I also question your comment that one can collect SS without paying in. I’m quite certain that a number of quarters of contributions are required to collect ANYTHING and the amount one collects depends on both how long and how much one contributed.

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