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November 07, 2012

Oh This'll Just Be Splendid: Obama May Levy Carbon Tax To Reduce Debt, Says Bank Holding Company HSBC

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 tax starting at $20 a metric 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.

Electricity prices will necessarily skyrocket.

posted by Ace at 04:37 PM

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A tax starting at $20 a metric 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. Electricity prices will necessarily skyrocket. posted by Ace at 04:37 PM \| Access Comments <script language="javascript" src="http://adserver.adtechus.com/addyn/3.0/5235/1131537/0/170/ADTECH;loc=700;cookie=info;target=_blank;key=key1+key2+key3+key4;grp=[group]"></script><noscript><a href="http://adserver.adtechus.com/adlink/3.0/5235/1131537/0/170/ADTECH;loc=300;key=key1+key2+key3+key4;grp=[group]" target="_blank"><img src="http://adserver.adtechus.com/adserv/3.0/5235/1131537/0/170/ADTECH;loc=300;key=key1+key2+key3+key4;grp=[group]" border="0" width="300" height="250"></a></noscript>	Recent Comments NaCly Dog: "A focused Brute Squad to tune up the miscreants on ..." Mister Scott (Formerly GWS): "So the "authorities" let us believe for two years ..." [/i][/b]andycanuck (/tzYP)[/s][/u]: "254 NOOD SHOOTER ---- , Tom ejaculated swiftly! ..." ...: "In xer manifesto, Hale also reportedly revealed th ..." Angzarr the Cromulent: "Ummm...what's a "Cory Booker?" Sounds like some k ..." 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