And destroy the economy. No big deal, right? Of course, Alexandria Ocasio-Cortez seems to have no care to actually get her Green New Deal passed, and flipped out when the GOP controlled Senate voted on it, so, there is that. Though, the same hyper-far left folks who wrote the GND resolution are supposedly crafting legislation, which has zero chance of passing
AOC’s Green New Deal would boost gas tax $10-$13, ‘destroy economy’
The socialistic Green New Deal, pushed by New York Rep. Alexandria Ocasio-Cortez and winning broad support from Democratic presidential candidates could lead to a $10 increase on a single gallon of gas, according to a new study of the so-called “carbon tax†and the liberal bid to rid vehicles that burn fossil fuels.
The CO2 Coalition’s study, mostly focused on the government’s effort to assign an environmental price on the future “Social Cost of Carbon,†also looked at the ultimate goal of liberals to rid gas-powered autos, key to the Green New Deal.
Executive Director Caleb S. Rossiter said the study calculated what it would cost to get people to trade their gas-powered cars for electric vehicles.
“Obviously we are not going to martial law, so how do you get people to switch?†he said. “They’re not going to grab your car by force, so you have to discourage the use.”
The result: A $10 per gallon gas tax and final price of some $13, or about the cost of shifting to EVs, about $2,700. “That is the economic breaking point of driving gas-powered cars,” he said.
He plans to explain his findings from the report, titled The Social Cost of Carbon and Carbon Taxes ‘Pick a number, any number’ Monday at a noon to 1:30 p.m. event in Room 385 of the Russell Senate Office Building on Capitol Hill.
Considering that polls have shown that the majority of U.S. citizens refuse to pay even $10 extra a month for Hotcoldwetdry, this won’t go very far, eh? Plus, hybrids typically have lower resale values than standard vehicles. Go try and lease one. Without massive back-end money from the manufacturer the lease will be very expensive since the residual value is so low. Even an incredibly low money factor (the equivalent of the APR for financing) will only help so much.
Rossiter said that such a high tax “would destroy the economy†and ignore the benefits of carbon in the atmosphere, a key argument of the CO2 Coalition.
Well, fortunately, Warmist supporting the GND also now want a carbon tax
How should we fight climate change? The most progressive Democrats say the answer is something like the Green New Deal, a massive government program aimed at reorienting American society. A more traditionally conservative answer is something like a carbon tax, making greenhouse gases more expensive and letting the market sort it out.
But for some Democrats, either one — or even better, both — will do.
A recent proposal for a carbon tax by Democratic Rep. Ted Deutch of Florida and supported by a group called Citizens’ Climate Lobby has attracted more than 50 co-sponsors, including nearly 30 House Democrats who also back the Green New Deal.
“I’m for anything and everything that moves the ball forward,†says Democratic Rep. Salud Carbajal of California, who supports both the Green New Deal and a carbon tax. “What the carbon pricing legislation does is move forward the only significant bipartisan legislation that seems to be out there.â€
He’s for anything except giving up his own use of fossil fuels and making his life carbon neutral. Hosing your cost of living? He and the rest are good with that.
