Democrats Revisist Carbon Taxes With Their $3.5 Trillion Bill In Jeopardy

First, though, let’s see how NY Gov and climahypocrite Hochul is doing

Climarestrictions are for the peons

Sinema’s Income Tax Stance Has Democrats Looking Anew at a Carbon Tax

Opposition from a single moderate Democrat to corporate and income tax rate increases has revived efforts in the Senate to draft a tax on carbon dioxide pollution as a way to pay for the Democrats’ proposed $3.5 trillion budget bill.

Sen. Kyrsten Sinema, D-Ariz., has not advocated a carbon tax, which President Joe Biden and other key Democrats have shied away from as a huge political risk. But her resistance to tax rate increases to pay for the Democrats’ ambitious social policy and climate legislation has set off a scramble for alternatives — at the very least to show her how difficult it would be assemble a package without those rate hikes.

Sen. Ron Wyden, D-Ore., chair of the Senate Finance Committee, confirmed that the Senate majority leader had asked him to craft legislation that would put a price on carbon emissions but to ensure that the policy would respect Biden’s pledge not to raise taxes on families earning less than $400,000.

That could be done with some kind of rebate or “carbon dividend” during what Wyden called a “transition” from fossil fuel-powered cars and trucks to zero emission electric vehicles, and from coal- and natural gas-fired electric power plants to renewable energy. Also under consideration: Exempting gasoline from the levy.

No matter how you cut it, raising taxes on job creators and businesses will raise prices for the middle and lower classes. May not be a direct tax, but, those taxes will get passed on. And, sure, I agree, some should pay a higher percentage of their income, but, then, they’re the ones creating jobs, donating and creating charities, and so much more. See, here’s a better idea: the federal government should pare down it’s operations, get rid of the redundant and unneeded jobs and agencies, and live within the tax revenue, rather than keep trying to take more.

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