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

 
DoorBert

User ID: 857877
United States
11/08/2012 08:10 AM

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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.

[link to www.bloomberg.com]
Anonymous Coward
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11/08/2012 08:14 AM
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Re: Obama May Levy Carbon Tax to Cut U.S. Deficit, HSBC Says
OBAMA CANNOT LEVY ANYTHING ONLY CONGRESS CAN
CygnusXI

User ID: 21955391
United States
11/08/2012 08:17 AM
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Re: Obama May Levy Carbon Tax to Cut U.S. Deficit, HSBC Says
OBAMA CANNOT LEVY ANYTHING ONLY CONGRESS CAN
 Quoting: Anonymous Coward 26142676


Obama uses executive orders like tissues at a porn film.
So.. we will see

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