Tuesday, September 29, 2009

Fossil fuel subsidies and climate change | PRI.ORG
Senator Lisa Murkowski, Republican from Alaska, said: "I think it is important to determine what is a subsidy and what is a tax incentive. Raising taxes on the fuels that we currently depend on would likely result in higher consumer prices and would only impact our ability to produce those fuels domestically instead of importing them."
CARPE DIEM: Putting Exxon's Tax Bill In Perspective
Conclusion: In other words, just one corporation (Exxon Mobil) pays as much in taxes ($27 billion) annually as the entire bottom 50% of individual taxpayers paid in 2004 (most recent year available), which is 65,000,000 people! Further, the tax rate for the bottom 50% was only 3% of adjusted gross income ($27.4 billion / $922 billion) in 2004, and the tax rate for Exxon was 41% in 2006 ($67.4 billion in taxable income, $27.9 billion in taxes).
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Obama Treasury Dept Still Hiding Info on Global Warming ‘Cap-and-Tax’ Costs | CEI
Washington, D.C., September 29, 2009— The Competitive Enterprise Institute today notified the Treasury Department of CEI’s intent to sue for the administration’s inadequate disclosure of documents addressing its expectations of and intentions for a global warming “cap-and-trade” plan. CEI’s notice of intent to sue was contained in an appeal filed today with the agency.
Australian Climate Madness: ACM Summary
ACM presents below a bullet point list of high level issues for consideration by those interested in an alternative view on the climate debate.

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