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

 
FatalW1shes

User ID: 18009481
United States
11/07/2012 01:38 PM

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

Hurricane Sandy sparked discussion on climate protection in the election after presidential candidates focused on other debates, HSBC said. A continued Republican majority in the U.S. House of Representatives means Obama’s scope for action will be limited, Robins said. Cap-and-trade legislation stalled in the U.S. Senate after narrowly passing the house in 2009.


[link to www.bloomberg.com]
NWO4Never

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Canada
11/07/2012 04:33 PM
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Re: Obama May Levy Carbon Tax to Cut U.S. Deficit, HSBC Says
bump.

pay your carbon credits, greentards!!!!
hahaahahah
Anonymous Coward
User ID: 26196597
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11/07/2012 04:41 PM
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Re: Obama May Levy Carbon Tax to Cut U.S. Deficit, HSBC Says
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.

Hurricane Sandy sparked discussion on climate protection in the election after presidential candidates focused on other debates, HSBC said. A continued Republican majority in the U.S. House of Representatives means Obama’s scope for action will be limited, Robins said. Cap-and-trade legislation stalled in the U.S. Senate after narrowly passing the house in 2009.


[link to www.bloomberg.com]
 Quoting: FatalW1shes


well that certainly settles the argument that GW terrorist are only using fear to take more of your money..Wouldn't a carbon tax be used to lower GW impact? using money collected from carbon taxes to lower the budget? Yep they think you're stupid, and they're right.
Anonymous Coward
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Australia
11/07/2012 04:42 PM
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Re: Obama May Levy Carbon Tax to Cut U.S. Deficit, HSBC Says
americans already pay carbon taxes....have been for years

LOL LOL
Freelancer
User ID: 24216589
United Kingdom
11/07/2012 04:49 PM
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Re: Obama May Levy Carbon Tax to Cut U.S. Deficit, HSBC Says
I heard the colonial halfwit mention the 'warming planet' nonsense in his valedictory rant.

Well i guess the boy wonder is gonna have to get the money from somewhere to say thanks to the 93% of afams who voted for him.

This honkey is gonna be laughin' his lillywhite arse off when all you OblaBla loonies start to realise what a monumental fuck up the soundbite President has made of your once great nation.
Kirk

User ID: 25384388
United States
11/07/2012 06:29 PM

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

Hurricane Sandy sparked discussion on climate protection in the election after presidential candidates focused on other debates, HSBC said. A continued Republican majority in the U.S. House of Representatives means Obama’s scope for action will be limited, Robins said. Cap-and-trade legislation stalled in the U.S. Senate after narrowly passing the house in 2009.


[link to www.bloomberg.com]
 Quoting: FatalW1shes


now you know why the so called pale horse is green (chloros)
Worry is a misuse of the imagination.

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