The CBO has mapped out two possible programs, but seem to favor a tax for all carbon emissions.
This report seem to prepare the way for a sweeping "Green Tax" for any business putting out more than their fair share of carbon dioxide (CO2).
This tax is certainly going to drive up the cost of everything.
Of course, there are those who feel that higher prices force greater conservation of our resources, and that is the cited reasoning for this new tax.
This Green Tax and Cap-and-Trade program is the big secret debate where "Super Environmentalist Only" get to attend and input their opinions.
The results will be country wide as a new tax is imposed for the emission of carbon dioxide: "Under a tax, policymakers would levy a fee for each ton of Co2 emitted or for each ton of carbon contained in fossil fuels.
The tax would motivate entities to cut back on their emissions if the cost of doping so was less than the cost of paying the tax.
" Policy Options for Reducing CO2 Emissions by the Congress of the United States - Congressional Budget Office The report presents two regulatory options.
One is the tax mentioned above, and the second is a cap-and-trade program.
You undoubtedly have heard Obama, Palozzi (Senate), and Smith (House) mentioning these ideas with great anticipation.
Those who followed the campaign will recall that "cap and trade" programs were already a part of the Green strategies mentioned by the new president.
It remains to be seen how the business community will respond to this new government intrusion into their profit and operations.
"In contrast, under a cap-and-trade program, policy-makers would set a limit on total emissions during some period and would require regulated entities to hold rights, or allowances, to the emissions permitted under that cap.
" Ibid This proposal is more than impressive.
It is a heavy-handed tool to collect fees, fines, and penalties much like the power of the EPA over pollution violators.
These rules would apply to all types of businesses in a kind of rationing like those seen during war times.
Ostensibly, the money taken in would be used to fund environmental causes, but who really knows?The fundamental plan is to force conservation and alternative choices upon the public by driving prices of fossil fuel derivative services higher and higher.
There seems no consideration of making Green options more affordable to business which seem inevitable as these ideas are popularized.
The CBO argument seems to run in favor of an indexed tax rather than an "inflexible cap" on all businesses.
The obvious challenge of setting caps for all the types of businesses throughout America seems to be as confusing as the present tax code.
Taxes and caps would also create another exchange of trading CO2 credits to those who use more than their share and those who don't.
Wouldn't onerous regulations create complex regulations, another expensive bureaucratic agency, and further drive businesses to the brink of failure?.
This is certainly a regressive tax that forces Americans to burden themselves with more regulations, unwanted intrusion, and more costly operational costs.
Why not incentivize businesses and the public to cut back on consumption, or do we doubt our ability to take on a challenge.
Offering tax credits for CO2 reduction would be a far more enlightened position on the subject.
There must be a free-market solution that encourages a business coalition to answer this new threat.
However, this is all being presented as an emergency, which moves things through the U.
Congress with great urgency and minimizes the opportunity for public notice and discussion.
Global warming has become the battle cry of environmentalism.
Carbon dioxide has been openly declared the sole public enemy causing global warming although their is dissent on this subject as well.
The conclusion of the matter is that evil carbon-using businesses are going to pay for this new tax soon to be levied by Congress.
Haste and pending global disaster may be the most unfair part of this semi-secret project to increase governmental powers over businesses.
Energy is the life's blood of business, and we are watching the nose of the camel under the tent that will soon be followed by an unwelcome bed partner.