EPA Wants to Quadruple Tax on Carbon Emissions

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EPA has proposed a new estimate for the social cost of carbon emissions, nearly quadrupling the $51 a ton to $191 a ton. It has already drawn legal challenges from a host of Republican-led states.

It will correspond to a $ 2-a-gallon gas tax.

They just fudge the numbers to justify it.

The metric puts a price tag on the alleged damages created by each metric ton of greenhouse gas emissions.

Agencies can then use it as part of their analyses of the costs and benefits of more stringent climate regulation on sources ranging from power plants and automobiles to the oil and gas sector.

The Biden administration has used the Interagency Working Group’s interim value of $51 per metric ton of CO2. But earlier this month, EPA quietly proposed increasing that number to $190.

The administration’s use of the IWG’s interim social cost of greenhouse gases has been challenged in parallel lawsuits led by Louisiana Attorney General Jeff Landry and Missouri Attorney General Eric Schmitt, both Republicans.

That document estimates the social cost of carbon as $120, $190, or $340 per metric ton of CO2, using discount rates of 2.5 percent, 2.0 percent, and 1.5 percent, respectively. Such rates reflect the weight given to future impacts of climate change.

These are all computer-generated impacts. They’re as good as any fiction the Left comes up with.

The taxes will go to Third World countries run by thugs as we take in all the people from these countries. That’s quite the recipe.

As an aside, the Department of Energy just refused to turn the Palisades nuclear plant in Michigan back into service. After all, we wouldn’t want clean energy, especially energy that would allow us to return to reasonable energy costs.


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Plato
Plato
5 days ago

The supreme court just told these fuqsticks that they cannot regulate carbon, coal or the like. Who the h3ll do they thik they are? Pitch forks and torches people, pitch forks and torches. Some tar and feathers would add some color and some noise. A few ropes, a couple of trees and we’re talking a party.

Craig
Craig
5 days ago

Democrats are a domestic enemy of freedom.

Peter B. Prange
Peter B. Prange
5 days ago

Inflation must be dropping, time to jack it up again; the electionhas been stolen again.

GuvGeek
GuvGeek
5 days ago

The EPA doesn’t have the power to tax, that is the domain of the Congress and the 16th Amendment gave them too much power in this regard. In a Free Country, the People tell the Government what to do. The Congress had better stand up and take Control of the Bureaucracy, before The People are forced to stand up and take Control of the Government – with Malice! The People expressed a desire for a Political Solution. You really don’t want The People to change their mind.

Viti
Viti
5 days ago

This idea wasn’t proposed by a bald transvestite gay puppy enthusiast  :wpds_chuckle:  graduate of MIT would it?