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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bankrupt obama

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#24
Mar 4, 2010
 

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skeptic wrote:
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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.
obama has promised new taxes and the liberal propaganda news media still try to blame anyone but obama for new taxes.

Since: Feb 06

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#25
Mar 4, 2010
 
Government waste wrote:
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.
The one grant is also sending $480 million to China.

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#26
Mar 4, 2010
 

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WeTheSheeple wrote:
Anything that big oil is for can only be good for big oil. I smell a rat.
Let me put my thinking cap on. They are going to tax everyone that uses fuel, and then give the money back to consumers to help them deal with higher gas prices. I smell at rat also. Got a question too. Which consumers? Is this just another redistribution of wealth program?
skeptic

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#27
Mar 5, 2010
 
bankrupt obama wrote:
<quoted text>obama has promised new taxes and the liberal propaganda news media still try to blame anyone but obama for new taxes.
Do you believe ANY politician of EITHER party when they promise no new taxes?

Reagan cut income taxes but increased taxes for Social Security so the Federal Government actually received MORE money from individuals.
skeptic

Bigfoot, TX

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#28
Mar 5, 2010
 
Robert Newell wrote:
<quoted text>Let me put my thinking cap on. They are going to tax everyone that uses fuel, and then give the money back to consumers to help them deal with higher gas prices. I smell at rat also. Got a question too. Which consumers? Is this just another redistribution of wealth program?
Certainly, even in the remote possibility they give back every dime they take in! Those who spend less on energy will get more than they spend and visa versa.

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