PDA

View Full Version : Obama May Levy Carbon Tax to Cut the U.S. Deficit, HSBC Says



Rockntractor
11-07-2012, 05:03 PM
By Mathew Carr - Nov 7, 2012 4:31 AM CT



Barack Obama may consider introducing a tax on carbon emissions to help cut the U.S. budget deficit after winning a second term as president, according to HSBC Holdings Plc.

A carbon tax starting at $20 a 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.

http://www.bloomberg.com/news/2012-11-07/obama-may-levy-carbon-tax-to-cut-the-u-s-deficit-hsbc-says.html

Bailey
11-07-2012, 08:01 PM
Who wants to make a bet? The bet is if he levies such a tax that the monies wont go to reduce the debt?

Rockntractor
11-07-2012, 08:13 PM
Who wants to make a bet? The bet is if he levies such a tax that the monies wont go to reduce the debt?

He didn't say debt, budget deficit, they need more spending money.