Apparently, Rep. Rooney wasn't content with receiving just one yellow vest from AEA...
Washington Examiner (7/24/19) reports: "Rooney’s bill would set a carbon tax of $30 per metric ton, increasing 5% per year, leveling the tax on producers of fossil fuels at the "upstream" level of the economy, meaning coal is taxed at the mine, natural gas at the processing plant, and petroleum at the refinery. It uses most of the revenue — 70% of it — to reduce payroll taxes for employees and employers, amounting to a nearly one percentage point cut in the total payroll tax rate. The other 30% of the revenue would go into a “carbon trust fund” and be spent on research and development on clean energy technologies, energy efficiency improvements, and climate change adaptation measures."
|
|
|
|
|
|
"Amid all the talk of an imminent planetary catastrophe caused by emissions of carbon dioxide, another fact is often ignored: global greening is happening faster than climate change. The amount of vegetation growing on the earth has been increasing every year for at least 30 years. The evidence comes from the growth rate of plants and from satellite data."
– Matt Ridley, Human Progress
|
|
|
|
|
|
