Washington: A Carbon Tax Would Wallop Our Economy

Today, the National Association of Manufacturers (NAM) released a study conducted by NERA Economic Consulting that shows a carbon tax would have a devastating impact on manufacturing and jobs. The report, titled Economic Outcomes of a U.S. Carbon Tax, found that levying such a tax would impact millions of jobs and result in higher prices for natural gas, electricity, gasoline and other energy commodities. Manufacturing output in energy-intensive sectors could drop by as much as 15.0 percent and in non-energy-intensive sectors by as much as 7.7 percent.

“The notion that some policymakers have in Washington that an economy-wide tax of this nature is a good idea is flatly wrong,” said NAM President and CEO Jay Timmons. “Our nation’s economy and family budgets can’t take it. As consumers of one-third of our nation’s energy supply, manufacturers and our employees will struggle with higher energy prices. A carbon tax will severely harm our ability to compete with other nations.”

Failed Cap and Trade program to worsen

Delaware’s experiment with a Regional Greenhouse Gas Initiative has been a failure. The effort has had no significant impact on carbon-dioxide emissions, has increased Delaware electricity rates, and the funds raised through the program were largely wasted. The program is being revised to increase electric ratepayer cost from about $6 million a year to as much as $38 million. The primary purpose of the revision is to raise revenue, not to reduce emissions. The added cost will act as a barrier to building much-needed electric generation infrastructure. We encourage the legislature to amend the law to require legislative approval of revisions to RGGI.

China’s carbon tax: not so quick | beyondbrics

oes this mean that China, the world’s biggest emitter of carbon, will adopt a serious carbon tax? According to Su Wei, director general of climate change at the powerful economic planning ministry, the answer is: probably not anytime soon.

Abbott: Gillard is a 'tribal chief' | Politics | SBS World News

Opposition leader Tony Abbott says the Coalition has a plan for western Sydney: "scrap the carbon tax, build WestConnex, stop the boats and stop the guns."