Wednesday, December 30, 2009

Maybe we could learn something from the French?

Without getting into whether Carbon Credits or Taxes are good or bad, necessary or unnecessary, I was unhappy with the way Congress handled the program. Basically exempting the large producers who had the money to pay lobbiest and letting the rest of us carry the load….as too increasing usual.

Well, the French courts just said, “Not on my watch!” when the French government tried to mandate a similar policy. A $24.38 tax set to go into effect on January 1, that exempted 93% of the carbon producers, leaving consumers to carry the freight with taxes on cars and heating costs, was rejected by the Constitutional Court, because the tax was “disproportinally allocated”

Is anybody here in the US listening?

Read more about this in Bloomberg

No comments: