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

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  1. #1 Obama May Levy Carbon Tax to Cut the U.S. Deficit, HSBC Says 
    PORCUS MAXIMUS Rockntractor's Avatar
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    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
    How is obama working out for you?
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  2. #2  
    Senior Member Bailey's Avatar
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    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
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  3. #3  
    PORCUS MAXIMUS Rockntractor's Avatar
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    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.
    How is obama working out for you?
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