The Carbon Tax Rebate Scam

A group of old-guard, “swamp” Republicans calling themselves the Climate Leadership Council (CLC) has joined climate alarmists, including failed Democratic Party presidential candidate Al Gore, in calling for a tax on carbon-dioxide emissions. The group claims increasing CO2 emissions pose a threat for Earth’s people, animals, and plants. Economic analyses of various carbon-tax proposals consistently show they would harm all Americans and would be detrimental for the U.S. economy. A carbon tax would burden businesses with unnecessary costs, making them less competitive in the global marketplace. All this, and much more, is why Congress passed a resolution in 2016 rejecting carbon taxes. A standalone tax on carbon-dioxide emissions would have a disparate impact on the poorest Americans, because they spend a greater portion of their incomes on energy and energy-intensive products compared to upper-middle-class and relatively wealthy Americans. CLC recognizes...(Read Full Article)

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