A Quote by Elaine Chao
Even a healthy economy and labor market would have struggled under the additional expenses enacted and proposed in 2009 and 2010 - from healthcare mandates and higher taxes, to carbon cap-and-trade and delay in extending the last decade's tax reforms.
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I talked to a lot of employers who just are, are fearful of what's coming next out of Washington. It's all the spending, it's all the debt. It's their national energy tax, they want to call it cap and trade - more mandates, higher costs, more taxes. Their healthcare bill - more mandates, higher costs, higher taxes.
Eventually we'll use a CO2 tax offset by a reduction in taxes elsewhere alongside a cap-and-trade plan, but the degree of difficulty associated with a CO2 tax far exceeds that with a cap-and-trade plan. We're seeing it's hard to get a cap-and-trade plan and it's much easier to use as a basis for a global agreement than a CO2 tax.
I'm not shy about stating my opinion on political issues, so I can state my opinion, which is, on this one, Premier Notley's right. Because cap and trade systems have not been shown to work. And if you want to price carbon, then I would listen to the CEO of Suncor, who suggests a clean, transparent carbon tax makes a bunch more sense than a cap and trade system that just creates jobs for traders. I - I kind of agree with that.
hy is it you can impose a new tax and keep your economy growing? Only if you cut other taxes by exactly the same amount. The problem with carbon taxes around the world has been you dump a new tax onto the economy and it's just adding more tax.
Many scientists and economists also say putting a price on carbon through carbon taxes and/or cap-and-trade is necessary.
We need to use economic instruments such as carbon taxes, cap and trade, tax and dividend and whatever else to help incentivize behavior that will move us to a post-carbon, post-animal agriculture world, and make our societies more resilient to the shocks that are already baked into the system. But that doesn't make climate change an "economic issue."
To some, a cap-and-trade system might sound like a neat approach where the market sorts everything out. But in fact, in some ways it is worse than a tax. With a tax, the costs are obvious. With a cap-and-trade system, the costs are hidden and shifted around. For that reason, many politicians tend to like it. But that is dangerous.
You should be attacking the carbon emissions, period, and whether it's cap-and-trade or carbon tax or whatever, that's the realm in which we should be playing.
A national carbon tax would devastate an already struggling American economy, force the cost of gas at the pump to jump even higher, and kill millions more jobs here at home.
Many have criticized a federal carbon tax, saying that it would increase energy costs. Some continue to oppose it even when that revenue would be used to reduce other taxes in what's known as a tax swap.
I've proposed reforms on taxes, regulations, and trade that will all have the effect of keeping jobs and wealth in America for our workers - and dramatically boosting incomes.
Some solutions are relatively simple and would provide economic benefits: implementing measures to conserve energy, putting a price on carbon through taxes and cap-and-trade and shifting from fossil fuels to clean and renewable energy sources.
There are some really wealthy hedge fund billionaires in San Francisco who have pledged a lot of money for Democratic candidates to argue for cap and trade and carbon tax and all these things.
When I was elected Governor, we had an audacious agenda that naysayers said couldn't be enacted with a Democrat majority in the state legislature. However, we worked across party lines and enacted historic reforms. Working together, we cut taxes by more than $600 million.
My tax plan will cut taxes for 95 percent of workers, because we need to put money back into the pockets of struggling middle-class families and close the egregious tax loopholes that have exploded over the last eight years. My plan eliminates capital gains taxes entirely for the small businesses and start-ups that are the backbone of our economy, as opposed to John McCain's plan, which would tax these businesses. John McCain is running to serve out a third Bush term. But the truth is, when it comes to taxes, that's not being fair to George Bush.
I really like the idea of consumption tax, and most countries have a pretty serious consumption tax. It's called a value-added tax or a goods and services tax ... It's a sales tax. It doesn't tax labor, it doesn't tax savings or investment - it taxes consumption.
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