Obama’s Electricity Sin Tax


Do you, or anyone you know, get electricity from a power plant that uses coal or natural gas? Well you are going to be getting the equivalent of a cigarette tax. You, and people like you, are contributing to second hand global warming and need to pay for the effects to the rest of us. The leftist financial news organization Bloomberg, proudly announces that a carbon tax would be a good way to get revenue so we don’t have to have the fiscal cliff fight:

Barack Obama may consider introducing a tax on carbon emissions to help cut the U.S. budget deficit after winning a second term as president, according to HSBC Holdings Plc.

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.

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Electric power plants that use fossil fuels won’t be the only ones affected by this of course, EVERYTHING that derives its power from fossil fuels will be taxed. What is most farm equipment powered by? What is that thing you drive powered by? What are the trucks that deliver everything powered by? Yeah. My only question now is – when will Obama have us joining the European Union too?