Some on the political right are floating a new “supply-side” idea for reducing carbon dioxide emissions without creating more market distortions: clean tax cuts. Proponents of the cuts want to reduce or end all taxes on investments in technologies that reduce greenhouse gas emissions.
Tagged: cap and trade
During the week of July 28, the Environmental Protection Agency (EPA) held hearings in four cities: Atlanta, Denver, Pittsburgh, and Washington. DC. The two-day sessions were to allow the public to have their voice heard about the proposed rules it released on June 2 that will supposedly cut CO2emissions by 30 percent. Many, including myself, believe that these rules are really an attempt to shut down coal-fueled electricity generation and implement a cap-and-trade program that the Administration couldn’t get through Congress in 2009, when cap-and-trade’s obvious allies held both houses of Congress.
In a recent appearance before a congressional committee, EPA Administrator Gina McCarthy told them that the agency’s proposed sweeping carbon-regulation plan was “really an investment opportunity. This is not about pollution control.” If the plan isn’t about pollution, the primary reason for the EPA’s existence, why bother with yet more regulation of something that is not a pollutant—carbon dioxide—despite the Supreme Court’s idiotic decision that it is. Yes, even the Court gets things wrong.
America is poised to become the “no pee” section of the global swimming pool and the useless actions will cost us a bundle—raising energy costs, adding new taxes, and crippling the economy. Even some environmentalists agree. Yet, for President Obama, it’s all about legacy.
With the failure of Cap-and-Trade legislation, so-called smart meters (representing a power takeover), are being forced upon consumers by electric utilities, including Illinois’ ComEd, as just another technology that will achieve government-sponsored extortion of American citizens. It was in 2009 that the U.S. government allocated $11B of taxpayer funds from the 2009 bailout package to develop a “smart” grid, including “smart” meters for every home’s electricity, gas and water. Accordingly, smart meters have now become an integral part of the infrastructure to implement U.N. Agenda 21, the resulting document of the 1992 Rio Conference in Brazil (Informal name: The Earth Summit), whose principal themes are the environment and sustainable development.
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