“Dingell proposes taxes out the wazoo to fight global warming”
Democrats? Oppressive taxes? The hell you say! From Hot Air:
Well, that’s what he says the taxes are for. He’s a Democrat, his lips are moving, you do the math.
Dealing with global warming will be painful, says one of the most powerful Democrats in Congress. To back up his claim he is proposing a recipe many people won’t like — a 50-cent gasoline tax, a carbon tax and scaling back tax breaks for some home owners.
“I’m trying to have everybody understand that this is going to cost and that it’s going to have a measure of pain that you’re not going to like,” Rep. John Dingell, who is marking his 52nd year in Congress, said Wednesday in an interview with The Associated Press.
Dingell will offer a “discussion draft” outlining his tax proposals on Thursday, the same day that President Bush holds a two-day conference to discuss voluntary efforts to combat climate change.The basic points of the plan are:
—A 50-cent-a-gallon tax on gasoline and jet fuel, phased in over five years, on top of existing taxes.
—A tax on carbon, at $50 a ton, released from burning coal, petroleum or natural gas.
—Phaseout of the interest tax deduction on home mortgages for homes over 3,000 square feet. Owners would keep most of the deduction for homes at the lower end of the scale, but it would be eliminated entirely for homes of 4,200 feet or more.And the revenues generated will go to pay for:
Some of the revenue would be used to reduce payroll taxes, but most would go elsewhere including for highway construction, mass transit, paying for Social Security and health programs and to help the poor pay energy bills.
In other words, they would just use the taxes to pay for stuff they’re already doing but want to do more of. How does highway construction or paying the poor’s energy bills do diddly for global warming? I could see someone making an argument that more highways lead to less traffic congestion, which leads to fewer traffic jams, which leads to less waste of fossil fuels, but the green counter-argument is usually that more highways leads to more drivers driving more cars.
At any rate, before we all run off ready to pay another half buck per gallon in gas taxes, perhaps we should bone up on the science that’s supposedly driving the global warming movement. Such as, the hockey stick may have been broken.
Two posts in a row on economic ignorance. I may have tied a record here. Maybe I’ll find a third one by the end of the day.
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Why on earth would they use some of the revenue for highway improvements? With that kind of a tax burden, we’d all be walking anyway….looking for firewood. Sheesh.
Comment by The Truth Hurts | September 28, 2007
Why is the Democrats answer to all of the world’s problems to raise taxes on the supposed rich? And Republicans response is to lower taxes across the board or. Assuming global warming is a fact for discussion purposes, wouldn’t tax credits to industries or individuals who implement or develop cleaner technology make more sense? As a teacher I’m taught rewarding good behavior for an incident is more effective than punishing poor behavior for an incident when changing a students overall demeanor in school. If you want less CO2 in the atmosphere, then reward those who emit less! Don’t punish those who don’t do anything. Not being rewarded will encourage most to change eventually.
Comment by Steve | September 28, 2007
I can’t decide which is more idiotic: Raising taxes to combat AGW, or admitting that the revenue will be used on projects wholly unrelated to AGW.
Comment by Henry | September 28, 2007
Maybe if mass transit was SAFE and went from where WORKING people lived to where they WORKED, instead of from where welfare recipients live to where they steal, more people would use it.
Comment by WMD_Maker | October 1, 2007