Carbon Tax Hallucinations

Policy adviser Paul Driessen warns that not only will carbon taxes hurt job and economic growth, but will not result in raising much in the way of tax revenues.

Average planetary temperatures haven’t budged in 16 years. Hurricanes and strong tornadoes are at or near their lowest ebb in decades. Global sea ice is back to normal, Arctic ice is nearly normal, and the Antarctic icepack continues to grow. The rate of sea level rise remains what it was in 1900. …

As the liberal lobby Think Progress put it, people “overwhelmingly” prefer a carbon tax on “big polluters” versus cuts in favorite programs “like education, Social Security, Medicare and environmental protection.” …

Employing Energy Information Administration data, a recent Heritage Foundation study by economists David Kreutzer and Nicolas Loris found that a tax starting at $25-per-ton of CO2 emitted and increasing by 5% per year would cut a family of four’s income by $1,400 annually, raise their utility bills by $500 a year, and increase gasoline fill-ups by up to 50 cents per gallon. …

Hydrocarbons provide over 83% of all the energy that powers America. A carbon tax would put a hefty surcharge on everything we make, grow, ship, eat and do. It would put the federal government in control of, not just one-sixth of our economy as under Obamacare, but 100% of our economy and lives. It would make the United States increasingly less productive, less competitive globally, less able to provide opportunities for our children.

But it gets worse, because this tax on America’s energy and productivity is not being promoted in a vacuum. It would be imposed on top of countless other job and economy strangling actions.

Exactly.

Posted February 23rd, 2013 Filed in Energy, Environment, Taxes and the IRS