U.S. Congress introduces carbon tax

…U.S. Congress Introduces Carbon Tax… Rep. Theodore Deutch, (D-FL) introduced H.R. 7173: Energy Innovation and Carbon Dividend Act of 2018. “This bill amends the Internal Revenue Code to impose a fee on the carbon content of fuels, including crude oil, natural gas, coal, or any other product derived from those fuels that will be used so as … “
 
to tax us at an annually increasing rate until the undefined “goals” are met.
 
“The fee is imposed on the producers or importers of the fuels and is equal to the greenhouse gas content of the fuel multiplied by the carbon fee rate. The rate begins at $15 [per ton of carbon] in 2019, increases by $10 each year, and is subject to further adjustments based on the progress in meeting specified emissions reduction targets.”
 
US Senators Chris Coons (D-Del.) and Jeff Flake (R-Ariz.) introduced a similar bill in the Senate.
 
 

About budbromley

Bud is a retired life sciences executive. Bud's entrepreneurial leadership exceeded three decades. He was the senior business development, marketing and sales executive at four public corporations, each company a supplier of analytical and life sciences instrumentation, software, consumables and service. Prior to those positions, his 19 year career in Hewlett-Packard Company's Analytical Products Group included worldwide sales and marketing responsibility for Bioscience Products, Global Accounts and the International Olympic Committee, as well as international management assignments based in Japan and Latin America. Bud has visited and worked in more than 65 countries and lived and worked in 3 countries.
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