The Front Page Cover
"I pray that the eyes of your heart may be enlightened"
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Featuring:
The Carbon Tax Charade
Many fossil fuel producers will benefit, while the poor—and the economy—will suffer
Oren Cass
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"Know who you are standing with"
"Show me your friends and I'll show you your future"
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SORRY, NO SCOOBY DOO-OVER FOR HILLY
It’s not America’s fault that Hilly Clinton decided to launch her campaign on a security camera in a Chipotle in Ohio. So why should she be entitled to subject the country to her do-over?
Dogged by scandal, Clinton opted to launch her second presidential campaign from behind the tinted windows of a Secret Service van. And for two months she has persisted with a bubble wrapped, phony campaign.
Now, much of political press is giving her lavish coverage for the kind of kickoff event that normal presidential candidates hold. But at the same time we are strenuously warned that nothing of substance will be discussed.
The big scoop, reported in some embarrassingly gushy tones, is that Clinton will re-frame her candidacy as an homage to her mother’s struggles. But even that is not new. When Clinton was trying to stave off defeat in Iowa’s 2008 caucuses, she deployed the exact message that will be the theme of her re-re-launch. Seen as out of touch and entitled by voters, Clinton put her mother in a TV ad. The only difference now is that Clinton is able to add the word “grandmother” to the script.
Covering as major news something a candidate has done before and said before is pretty small beer. Covering it thusly when the candidate is shutting down the press and ducking relevant questions about her own conduct as well as the issues of the day is pure malpractice.
Do you remember that brief period of time in which reporters were acting uppity about how the Clinton campaign was abusing them and how the candidate was hiding from very real controversies? Well that was like so three weeks ago. The ADD political press has tired of the whole accountability thing and is totes ready to cover a non-existent horse race.
On Wednesday, Bill Clinton felt so confident in the forgetfulness of the press that he told Bloomberg: “Has anybody proved that we did anything objectionable? No.” While it may be true that no one has proven the Clintons have done anything illegal, “objectionable” would be a pretty charitable term for people who hid donations and personal income from unsavory sources and who destroyed more than 30,000 emails on a secret server inappropriately used during government work.
Since the 1970s, running for president in the United States has meant one thing: filing with the Federal Elections Commission declare your candidacy.
Clinton made her official filing on or about April 12. Despite her story about coming to the final decision on a visit to Oscar de la Renta’s beachfront villa in December, she has, practically speaking, never stopped running for president since the moment after her 2000 election. So what’s the point of Saturday’s event? Proving that she really, really wants to be president? We’ve got that part. -Fox News
It’s not America’s fault that Hilly Clinton decided to launch her campaign on a security camera in a Chipotle in Ohio. So why should she be entitled to subject the country to her do-over?
Dogged by scandal, Clinton opted to launch her second presidential campaign from behind the tinted windows of a Secret Service van. And for two months she has persisted with a bubble wrapped, phony campaign.
Now, much of political press is giving her lavish coverage for the kind of kickoff event that normal presidential candidates hold. But at the same time we are strenuously warned that nothing of substance will be discussed.
The big scoop, reported in some embarrassingly gushy tones, is that Clinton will re-frame her candidacy as an homage to her mother’s struggles. But even that is not new. When Clinton was trying to stave off defeat in Iowa’s 2008 caucuses, she deployed the exact message that will be the theme of her re-re-launch. Seen as out of touch and entitled by voters, Clinton put her mother in a TV ad. The only difference now is that Clinton is able to add the word “grandmother” to the script.
Covering as major news something a candidate has done before and said before is pretty small beer. Covering it thusly when the candidate is shutting down the press and ducking relevant questions about her own conduct as well as the issues of the day is pure malpractice.
Do you remember that brief period of time in which reporters were acting uppity about how the Clinton campaign was abusing them and how the candidate was hiding from very real controversies? Well that was like so three weeks ago. The ADD political press has tired of the whole accountability thing and is totes ready to cover a non-existent horse race.
On Wednesday, Bill Clinton felt so confident in the forgetfulness of the press that he told Bloomberg: “Has anybody proved that we did anything objectionable? No.” While it may be true that no one has proven the Clintons have done anything illegal, “objectionable” would be a pretty charitable term for people who hid donations and personal income from unsavory sources and who destroyed more than 30,000 emails on a secret server inappropriately used during government work.
Since the 1970s, running for president in the United States has meant one thing: filing with the Federal Elections Commission declare your candidacy.
Clinton made her official filing on or about April 12. Despite her story about coming to the final decision on a visit to Oscar de la Renta’s beachfront villa in December, she has, practically speaking, never stopped running for president since the moment after her 2000 election. So what’s the point of Saturday’s event? Proving that she really, really wants to be president? We’ve got that part. -Fox News
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DEMS HASSLE HILLY OVER TRADE
A razor-thin result excepted, today’s critical House votes on trade authority – it’s complicated – brings to a crescendo weeks long arm-twisting by proponents and opponents alike (go to FoxNews.com/Politics for the latest). While the battle has made for unlikely alliances and brought the kettle to a boil on both the left and the right, the lasting political heat is falling on the Democrats. Whether or not President nObama walks away with a victory, a deafening silence on the issue from the party’s de facto leader, Hilly Clinton, continues to frustrate her base. Clinton received a double-barrel blast Thursday with rival Bernie Sanders exhorting "If she’s against this, we need her to speak out. Right now. Right now,” and New York Mayor Bill de Blasio dangling his endorsement of the Democratic frontrunner on a “very clear statement” of opposition. Clinton’s evasion will doubtless continue as she waits to see which way the winds blows post-vote. -Fox News
A razor-thin result excepted, today’s critical House votes on trade authority – it’s complicated – brings to a crescendo weeks long arm-twisting by proponents and opponents alike (go to FoxNews.com/Politics for the latest). While the battle has made for unlikely alliances and brought the kettle to a boil on both the left and the right, the lasting political heat is falling on the Democrats. Whether or not President nObama walks away with a victory, a deafening silence on the issue from the party’s de facto leader, Hilly Clinton, continues to frustrate her base. Clinton received a double-barrel blast Thursday with rival Bernie Sanders exhorting "If she’s against this, we need her to speak out. Right now. Right now,” and New York Mayor Bill de Blasio dangling his endorsement of the Democratic frontrunner on a “very clear statement” of opposition. Clinton’s evasion will doubtless continue as she waits to see which way the winds blows post-vote. -Fox News
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WITH YOUR SECOND CUP OF COFFEE Bernard Cigrand had humble beginnings in Waubeka, Wisc. As a young man, he held numerous jobs to pay for his education, including selling scrap metal, and working on a steam barge before he could afford to go off to dental school. Cigrand was named a contributing editor of the Encyclopedia Americana the same year he got his dental degree. It was for the encyclopedia that he began writing about his love of the American Flag, and eventually proposed a national holidaycommemorating the flag adopted by the Continental Congress on June, 14, 1777. The message took hold in his local school district, and they began hosting observances the third Sunday of June. The movement grew, but sadly Cigrand would not see his holiday made official. He died of a heart attack in 1932, and it was not until 1949 that President Harry Truman signed the legislation. This Sunday’s Flag Day remember not only the commemoration of a flag, but the man who made it so. -Fox News
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IOWA STRAW POLL KAPUT
Des Moines Register: “The Iowa Straw Poll is dead. The governing board for the Republican Party of Iowa voted unanimously to cancel the straw poll, a milestone on the path to the White House that had passed the strategic tipping point. It was no longer a political risk for presidential campaigns to walk away from the straw poll, and too many of the 2016 contenders had opted to skip it for it to survive…Back in January, the Iowa GOP board unanimously to proceed with the event, a daylong political festival meant to showcase the party’s presidential candidates and to bring Iowa Republicans together for food, music and field-winnowing…The decision comes as the party fundraiser appeared to be on the verge of falling flat because so many presidential contenders were steering clear of it. Some candidates had said they might show up to give a speech, but wouldn’t spend money trying to win the straw poll. That meant the fundraiser would likely have struggled to break even, much less garnered hundreds of thousands for the party as it has in the past.” -Fox News
Des Moines Register: “The Iowa Straw Poll is dead. The governing board for the Republican Party of Iowa voted unanimously to cancel the straw poll, a milestone on the path to the White House that had passed the strategic tipping point. It was no longer a political risk for presidential campaigns to walk away from the straw poll, and too many of the 2016 contenders had opted to skip it for it to survive…Back in January, the Iowa GOP board unanimously to proceed with the event, a daylong political festival meant to showcase the party’s presidential candidates and to bring Iowa Republicans together for food, music and field-winnowing…The decision comes as the party fundraiser appeared to be on the verge of falling flat because so many presidential contenders were steering clear of it. Some candidates had said they might show up to give a speech, but wouldn’t spend money trying to win the straw poll. That meant the fundraiser would likely have struggled to break even, much less garnered hundreds of thousands for the party as it has in the past.” -Fox News
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Declassified CIA memo shows Bill Clinton crippled anti-terrorism
(Thomas Lifson) ~ In a classic Friday-afternoon document dump, a CIA memo written by then-agency head George Tenet in 2005 has been released, incriminating the Bill Clinton administration in crippling anti-terror efforts... Stephen Dinan of the Washington Times writes: The Clinton administration had bankrupted the intelligence community and refused to let the CIA prioritize anti-terrorism over other major priorities in the late 1990s, leaving the agency stretched too thin in the days ahead of the 2001 terrorist attacks, former Director George J. Tenet said in a 2005 document declassified Friday. Mr. Tenet, who was head of the agency at the time of the Sept. 11 attacks and has taken severe criticism for not anticipating and heading them off, said in the document that he took the threat of Osama bin Laden very seriously, and put major effort into trying to penetrate al-Qaeda, beginning as far back as 1998. http://www.americanthinker.com/blog/2015/06/declassified_cia_memo_shows_bill_clinton_crippled_antiterrorism_efforts_in_leadup_to_911.html
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The archangel Tawuse Melek
Never Again? The ISIS Genocide of Yazidis (Stephen Schwartz & Christopher Bilardi) ~ Until the tragedy that came early in August 2014, the people who call themselves the Dâseni were little known to Westerners. These are the Yezidis, who mainly live in Iraq. Reviled as "devil worshippers" for centuries by their Muslim and Christian neighbors... they have endured 72 attempted genocides since 630 CE. After the predations of the "Islamic State" that number has increased to 74. A Kurdish people in ethnicity, the Yezidis practice a distinctive religion that is neither Christian nor Muslim. Tradition states that it is one of the oldest in the world, and that they have been a presence in Mesopotamia "for more than 6,700 years." During that long span of time Yezidism has incorporated elements of other faiths: Christian, Jewish, Muslim (Sufism), Zoroastrian, and Mandaean Gnostic. Like Hindus, the Yezidis have a caste system. Their tradition is hereditary and does not allow converts. http://www.meforum.org/5313/yezidi-genocide
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GOP LEADERSHIP’S LATEST nOBAMATRADE PLOY REVEALED
(Alex Swoyer) ~ Establishment Republicans desperately trying to secure the passage of Trade Promotion Authority (TPA), which would give President nObama fast-track authority to secure congressional approval of at least three secretive trade deals... are now willing to increase taxes on small businesses in a way that would violate a pledge almost every Republican Congressman has taken when elected into office. To secure final passage through Congress of a package that would include TPA fast-track authority—which would ensure finalization of the secretive Trans Pacific Partnership (TPP), Transatlantic Trade and Investment Partnership (T-TIP) and Trade in Services Agreement (TiSA), among other deals—the House would need to pass the Trade Adjustment Assistance (TAA) package that was necessary for Senate passage of TPA. The House voted TAA down 302-126 with widespread bipartisan opposition to last week, but House Ways and Means Committee chairman Rep. Paul Ryan (R-WI) and his allies in House GOP leadership have pledged that they will try to pass it again early next week. The vote would potentially be on Monday, but more likely on Tuesday—and if there is no vote by Tuesday, it’s unlikely that Ryan will be able to succeed in his ploy to revive TPA. http://www.breitbart.com/big-government/2015/06/14/gop-leaderships-latest-obamatrade-ploy-revealed-small-business-tax-hike-that-violates-gops-anti-tax-pledge/
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nObama Admin Subjects Millions of Americans to Cyber Hackers
(Roger Aronoff) ~ It is an outrageous and unacceptable breach of trust. The federal government, through the Office of Personnel Management (OPM), interviews everyone who requires any sort of security clearance... and asks the most detailed and personal questions about past associations, indiscretions and behavior, to make sure nothing in their past could subject them to blackmail or subversion. The interviews extend to friends and associates of those being vetted, and those people are also in the databases that have been breached. But now it has come to light that OPM failed to hold up the nObama administration’s end of the bargain by not doing everything they could to protect those records. The nObama administration initially downplayed the cyber hack of the OPM, which centrally manages records for current and former federal employees. It did so even though it had missed the hack for at least four months, if not more, until a company, CyTech Services, which was conducting a sales demonstration, found malware in OPM’s system that could have been there for a year or more. http://www.aim.org/aim-column/obama-administration-incompetence-subjects-millions-of-americans-to-cyber-hackers/?utm_source=AIM+-+Daily+Email&utm_campaign=email061515&utm_medium=email
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Pathetic: nObama Thinks THIS Will Save Iraq? He’s Dead Wrong…
(Lt. Col. (Retired) Allen West) ~ There are two words everyone who has served or is serving in the military does not want to hear: mission creep. It has been the deadly episode in the history of military operations throughout time... It is the piecemeal commitment of forces into a nebulous endeavor with no clear guidance or intent – basically no strategy. And those who commit warriors into the cauldron of uncertainty are doing solely to maintain a weak facade of taking action. And so it is, just days after Commander-in-Chief nObama announced to the world ten months after first stating he did not have a strategy to combat ISIS, that he STILL doesn’t have a strategy, the White House announces it will send another 450 troops into Iraq as trainers. No clear guidance was issued other than an intent to train more Iraqi troops. Sadly, we now have a little over 3,400 “trainers” in Iraq and only 2,598 Iraqi Soldiers in training. Of that number there are 800 Kurds and 1798 Shia, and no Sunnis are being trained. Do y’all see the laughable irony? We have more “trainers” in Iraq than those being trained. http://www.aim.org/guest-column/pathetic-obama-thinks-this-will-save-iraq-hes-dead-wrong/?utm_source=AIM+-+Daily+Email&utm_campaign=email061515&utm_medium=email
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The Navy Chaplain Fighting for His Faith
(fixthisnation.com) ~ Any sensible observer might wonder why a Christian Navy Chaplain would be facing discharge after using his faith to guide him in giving council. But while it’s not certain yet what punishment awaits Wes Modder, it is readily apparent that it is a new day in the military... Modder has been accused of being “unable to function in a pluralistic and diverse Navy” by those who have a problem with the way he does his job. At issue (as if there was any doubt)? Da gays. Modder told Fox and Friends this week that his gay administrative assistant was not happy about his views on same-sex marriage or relationships. This assistant filed a five-page complaint against him for failing to show “tolerance and respect” when dispensing advice. He claims that the most he is guilty of is adhering to his faith. “He did exactly what chaplains are supposed to do, which is minister to people and answer questions and one-on-one counseling of what the Bible says, of what their faith says,” his lawyer said. http://www.fixthisnation.com/conservative-breaking-news/the-navy-chaplain-fighting-for-his-faith/
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Outsourcing Clinton Allies Accused of Abusing Visa System
(Bill McMorris) ~ The Department of Labor is investigating two outsourcing giants with ties to the Clinton Foundation for illegally supplanting American workers with cheap foreign labor... The Department of Labor announced on Thursday it was investigating Tata Consultancy Services and Infosys for allegedly forcing American IT workers to train foreign workers before being laid off. Some of those employees allege that their employers replaced them with the immigrants who were in the country on temporary visas. The Labor Department is investigating whether or not the companies abused the H-1B program, which grants temporary visas to fill highly-skilled jobs that employers claim are not adequately filled by American workers. The law requires that companies take “good faith steps to recruit U.S. workers” and “has not displaced a U.S. worker at the time of filing an H-1B visa petition,” according to the department. The investigation was announced on Thursday by a bipartisan group of senators. http://freebeacon.com/politics/outsourcing-clinton-allies-accused-of-abusing-visa-system/
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Islamic State Sympathizers Attack Israel
(Emma-Jo Morris) ~ Rocket fire out of the Gaza Strip into Israel resumed this week as militants supportive of the Islamic State terrorist group attacked the Jewish state, according to the Associated Press... “Recent attacks have been claimed by Gaza militants who support the Islamic State group fighting in Iraq and Syria,” the AP reported. Israeli policy holds Hamas responsible for any aggression that comes out of Gaza. Sunni Islamic State fighters are in conflict with Shia Hamas, and are reported to have launched an attack on Israel in an attempt to put Hamas in the Israel Defense Force’s crosshairs. http://freebeacon.com/national-security/islamic-state-sympathizers-attack-israel/
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The Silencing and Censorship of Opinions
(sharylattkisson.com) ~ I recently had the pleasure of interviewing liberal Kirsten Powers for C-SPAN about her new book, The Silencing: How the Left is Killing Free Speech... which takes on what she calls the “illiberal left” for using bullying, intimidation and political correctness to silence opinions that differ with their own. Really, she is criticizing the unAmerican and unconstitutional trend–whether by liberals or conservatives–to censor all opinions with which they disagree. She has amazing stories of the happenings on college campuses with kids being given “trigger” warnings on books and articles that might offend their sensitivities or give them PTSD by evoking an offensive image, and with college professors going berserk (and even physically attacking) when they see kids making perfectly legal demonstrations on campus but are delivering a message with which the professors disagree. https://sharylattkisson.com/the-silencing-and-censorship-of-opinions/?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+SharylAttkisson+%28Sharyl+Attkisson%29
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Getting the Gaza “war crimes” truth out, before the UN lies
(William A. Jacobson) ~ It’s too late to undo “Operation Protective Edge,” the massive propaganda campaign surrounding the 2014 Gaza conflict... False statistics about civilian casualties were put out by Hamas ministries and then adopted without question by the UN, “human rights” groups, and the media to create the narrative that “most” or “almost all” or the “vast majority” of deaths were civilian. Critics of Israel have yet to explain how Israel was supposed to stop Hamas from firing rockets, tunneling under the border, or landing commandos by sea without firing into the civilian areas from which Hamas was operating. http://legalinsurrection.com/2015/06/getting-the-gaza-war-crimes-truth-out-before-the-un-lies/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+LegalInsurrection+%28Le%C2%B7gal+In%C2%B7sur%C2%B7rec%C2%B7tion%29
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The Carbon Tax Charade
Many fossil fuel producers will benefit, while the poor—and the economy—will suffer
Oren Cass
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(city-journal.org) ~ As the carbon-tax bandwagon gathers steam, some interesting enthusiasts are jumping on board. Last week, six major European oil and gas companies sent the U.N. a letter of support “because,” according to a New York Times editorial, “they realize something must be done.” But who exactly is steering this bandwagon, and who is being taken for a ride? Big energy companies win big from a carbon tax. What’s good for business is often good for society as well, and industry support for a policy is by no means an indictment per se. But here those gains would come at the expense of low-income households and long-term economic growth, while failing to achieve the environmental objectives set out to justify a tax in the first place..
How do companies that produce fossil fuels benefit from a tax on fossil fuels? First, they don’t end up paying it. Most economists expect nearly the entire cost increase to be passed directly on to consumers through higher prices. Second, for many fossil-fuel producers, the tax will increase rather than decrease their business. The largest energy companies are traditionally focused on oil and natural gas. Coal, representing 30 percent of global energy supply and the largest primary fuel for generating electricity, would be badly damaged by a tax. The biggest beneficiary of the damage would be natural gas, which emits less carbon dioxide and would thus face a lower tax. If higher oil prices push consumers away from gasoline and toward electric cars, the electricity for those cars can come from natural gas as well.
How do companies that produce fossil fuels benefit from a tax on fossil fuels? First, they don’t end up paying it. Most economists expect nearly the entire cost increase to be passed directly on to consumers through higher prices. Second, for many fossil-fuel producers, the tax will increase rather than decrease their business. The largest energy companies are traditionally focused on oil and natural gas. Coal, representing 30 percent of global energy supply and the largest primary fuel for generating electricity, would be badly damaged by a tax. The biggest beneficiary of the damage would be natural gas, which emits less carbon dioxide and would thus face a lower tax. If higher oil prices push consumers away from gasoline and toward electric cars, the electricity for those cars can come from natural gas as well.
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Passing costs on to others while maintaining—or even growing—sales will minimize any effects on the industry. Much of the benefit to fossil-fuel producers from a carbon tax will come from a third factor: a fine is a price. That insight is the title of a paper by Uri Gneezy and Aldo Rustichinianalyzing changes in parent behavior at preschools that imposed fines for late pick-ups. Counterintuitively, fines made parents more likely to arrive late. The sense of guilt that had once motivated them to arrive on time was replaced by a sense of permission to pay for the extra minutes of child care.
Passing costs on to others while maintaining—or even growing—sales will minimize any effects on the industry. Much of the benefit to fossil-fuel producers from a carbon tax will come from a third factor: a fine is a price. That insight is the title of a paper by Uri Gneezy and Aldo Rustichinianalyzing changes in parent behavior at preschools that imposed fines for late pick-ups. Counterintuitively, fines made parents more likely to arrive late. The sense of guilt that had once motivated them to arrive on time was replaced by a sense of permission to pay for the extra minutes of child care.
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For energy producers, and all users of fossil fuels, a similar dynamic is at work. If a carbon tax is established at a price that economists and policymakers agree compensates society for the potential dangers of climate change, then anyone who wants to pay the price is implicitly welcome to emit the carbon dioxide. The result would presumably not be an increase in emissions as it was with increased late pick-ups. But paying the tax buys legal, economic, and moral permission for the very activity that the tax is designed to discourage. Energy producers get this benefit without even bearing the burden of the tax.
For energy producers, and all users of fossil fuels, a similar dynamic is at work. If a carbon tax is established at a price that economists and policymakers agree compensates society for the potential dangers of climate change, then anyone who wants to pay the price is implicitly welcome to emit the carbon dioxide. The result would presumably not be an increase in emissions as it was with increased late pick-ups. But paying the tax buys legal, economic, and moral permission for the very activity that the tax is designed to discourage. Energy producers get this benefit without even bearing the burden of the tax.
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For the rest of society, perhaps the worst problem with a carbon tax is that it is extraordinarily regressive. Because poorer households spend a much greater share of their income on energy than do wealthier households, the price increases created by a tax eat up a greater share as well. Economists from the Brookings Institution and American Enterprise Institute found that a $15-per-ton carbon tax would cost the bottom 10 percent of households more than 3.5 percent of their income, and most taxes under consideration are two to three times higher. That’s the equivalent of a new income tax of 10 percent for the lowest-income households and 2 percent for the highest-income ones.
For the rest of society, perhaps the worst problem with a carbon tax is that it is extraordinarily regressive. Because poorer households spend a much greater share of their income on energy than do wealthier households, the price increases created by a tax eat up a greater share as well. Economists from the Brookings Institution and American Enterprise Institute found that a $15-per-ton carbon tax would cost the bottom 10 percent of households more than 3.5 percent of their income, and most taxes under consideration are two to three times higher. That’s the equivalent of a new income tax of 10 percent for the lowest-income households and 2 percent for the highest-income ones.
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A rebate could offset this regressive effect, but sending a monthly check to every American has problems of its own (not least of them the de facto establishment of a guaranteed income). Unfortunately, analyses also consistently show that the economic drag of a new carbon tax could be counteracted only if the revenues from that tax are used to reduce corporate income-tax rates. Take your pick: a carbon tax that hurts the poor or a carbon tax that slows economic growth. Most likely we’ll get a carbon tax that does a little bit of both.
A rebate could offset this regressive effect, but sending a monthly check to every American has problems of its own (not least of them the de facto establishment of a guaranteed income). Unfortunately, analyses also consistently show that the economic drag of a new carbon tax could be counteracted only if the revenues from that tax are used to reduce corporate income-tax rates. Take your pick: a carbon tax that hurts the poor or a carbon tax that slows economic growth. Most likely we’ll get a carbon tax that does a little bit of both.
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The entire exercise is supposed to be in service of reducing carbon-dioxide emissions and averting climate catastrophe. But the carbon-tax proposals under discussion cannot achieve their emissions-reduction targets, let alone make a noticeable dent in global emissions. Even a global tax—a political non-starter—would fail to push oil and gas prices any higher than they already were several years ago, a time at which environmentalists were hardly sanguine about the future. But once businesses and consumers are paying the “right price” for their emissions, where will the case be for other action?
The entire exercise is supposed to be in service of reducing carbon-dioxide emissions and averting climate catastrophe. But the carbon-tax proposals under discussion cannot achieve their emissions-reduction targets, let alone make a noticeable dent in global emissions. Even a global tax—a political non-starter—would fail to push oil and gas prices any higher than they already were several years ago, a time at which environmentalists were hardly sanguine about the future. But once businesses and consumers are paying the “right price” for their emissions, where will the case be for other action?
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There are political points to score with a carbon tax, and profits to capture, too. But these won’t benefit society; they will come at its expense.
There are political points to score with a carbon tax, and profits to capture, too. But these won’t benefit society; they will come at its expense.
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