Obama Floats Carbon Tax Day After Election Victory

Kurt Nimmo Infowars.com November 7, 2012

Less than 24 hours after winning the election, Obama has indicated he plans to further impoverish Americans by imposing carbon taxes.

Obama is selling it as a way to cut the budget deficit, according to Bloomberg.

A tax starting at $20 a metric ton of carbon dioxide equivalent and rising at about 6 percent a year could raise $154 billion by 2021, Nick Robins, an analyst at the bank in London, said today in an e-mailed research note, citing Congressional Research Service estimates. “Applied to the Congressional Budget Office’s 2012 baseline, this would halve the fiscal deficit by 2022,” Robins said.

 

READ THE ENTIRE ARTICLE HERE

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