Carbon Tax Hallucinations

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, while the Antarctic icepack continues to grow. The rate of sea level rise remains what it was in 1900.

And yet, President Obama and many politicians, newscasters and alarmist scientists continue to insist that carbon dioxide emissions are changing Earth’s climate, and we need to take immediate action to prevent storms like Hurricane Sandy and avert catastrophes predicted by IPCC computer models and “scientific consensus.” Not surprisingly, polls show public support for controlling CO2 output and taxing hydrocarbon use – to “ensure climate security” and “save vital federal programs” from budgetary axes.

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.”

Five-alarm climate claims, skewed polling questions and phony taxes-versus-grandma budget alternatives will almost always ensure support for carbon taxes – especially among Bigger Government and Ban Fossil Fuels constituencies. More rational analysis reveals that dreams of hundred-billion-dollar windfalls from slapping regressive new taxes on job creation and economic growth are nothing more than dangerous tax revenue hallucinations. They would bring intense pain for no climate or economic gain.

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. That’s $2,000 a year chopped from their budget for food, vacations, home and car payments and repairs, college and retirement savings, dental and medical care, and overall quality of life.

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  • $2000 more a year, that is equivalent to a months pay for me. Tell me again how Obama promised the middle class would not pay more in taxes? It looks to me like the middle class will be paying for these taxes indirectly. He will not stop until he destroys the middle class in this country.

    • Kent2012

      Joe Wilson called him a liar, that should about cover it. you have to lie in order for the population to think it is alright to lay down when the sound of tanks is just around the corner….

  • Kent2012

    the welfare crowd and the worthless government union takers do not care, they will get more “rich folks” money to cover the energy increases….The people that are in trouble are the Real Americans that work and pay all the taxes……kenyan boy is trying hard to turn this country into another third world communist cesspool………

  • nelwh

    Obama, Gore, Clinton, just to name a few stand to make BILLIONS by buying and selling carbon credits through a bank called Shore Bank which is located in of all places, Chicago. The whole global warming hoax is perpetuated so that an elite group of people can become very wealthy and powerful controlling the use of fossil fules in the world.

  • Amanda

    Honestly, it is not about money. It can’t be, because they couldn’t even spend it all and they have the ability to produce it. It is about control and creating a world that they believe is perfect, against the wills of the population. So like a horse and a carrot, they lead us into our preordained future by offering us the basic necessities that they control. This carbon tax is just another way to oppress us and to mold us into a controlled population.