Results 1 to 3 of 3
  1. #1 Obama May Levy Carbon Tax to Cut the U.S. Deficit, HSBC Says 
    PORCUS MAXIMUS Rockntractor's Avatar
    Join Date
    Apr 2009
    Location
    oklahoma
    Posts
    42,428
    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/2012-1...hsbc-says.html
    The difference between pigs and people is that when they tell you you're cured it isn't a good thing.
    http://i.imgur.com/FHvkMSE.jpg
    Reply With Quote  
     

  2. #2  
    Senior Member Bailey's Avatar
    Join Date
    Aug 2010
    Posts
    6,158
    Who wants to make a bet? The bet is if he levies such a tax that the monies wont go to reduce the debt?
    We're from Philadelphia, We Fight- Chip Kelly
    Reply With Quote  
     

  3. #3  
    PORCUS MAXIMUS Rockntractor's Avatar
    Join Date
    Apr 2009
    Location
    oklahoma
    Posts
    42,428
    Quote Originally Posted by Bailey View Post
    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.
    The difference between pigs and people is that when they tell you you're cured it isn't a good thing.
    http://i.imgur.com/FHvkMSE.jpg
    Reply With Quote  
     

Bookmarks
Bookmarks
Posting Permissions
  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •