A green tax code for American businesses and individual taxpayers appears to be in the works by the US Treasury. The $1.5 million study is being carried out under the auspices of the National Academy of Science.
A major tax study currently being sponsored by the U.S. Treasury will give environmental activists a powerful new weapon in their campaign to alter the entire American economic and social landscape in the name of halting “climate change”—including the possible levying of new carbon taxes…
“They are simply trying to bypass the people’s representatives and use technocrats to achieve their agenda,” [Congressman James Sensenbrenner of Wisconsin] argues. Sensenbrenner, a Republican, is a former member of the House Select Committee on Energy Independence and Global Warming, created by the Democratic congressional majority during the Bush Administration.
It is there, he says, that the National Academy study was first ordered up, by Congressman Earl Blumenauer of Oregon, in 2008—but never funded, until the advent of the Obama Administration. Rep. Blumenauer, a Democrat, is a strong advocate of “sustainable communities” and environmental causes….
The description of the project at the National Academy of Sciences website is worth checking out. It was originally supposed to be released this month, but has been delayed so that it will be released next spring, after the election. As the NAS explains, the committee will write a consensus report on taxes that will have substantial effects on carbon dioxide and other greenhouse gas emissions. It adds:
The panel will necessarily focus heavily on energy, both the life cycles of different energy sources and their uses in different sectors such as electricity generation, transportation, industrial processes, and consumer uses (including in households). The study may extend to areas beyond energy, such as agriculture, forestry, urban development, and other land uses which can have significant effects on GHG emissions.
Are we likely to get a sound economic policy from the committee of experts conducting this study? Readers can go down the list of members to check out their clear viewpoints. For example, the Committee is headed by William Nordhaus, a Yale environmental economist who has made quite a career of global warming. He authored such publications as the book, Warming the World. It was based on the belief of an overwhelming scientific concensus that global warming is occuring and is caused at least in part by human activity, complete with ozone eating chemicals and destruction wrought by greenhouse gas emissions. Junkscience readers may remember his piece in the New York Times earlier this year entitled, “Why the Global Warming Skeptics are Wrong.” The article opened by saying: “The threat of climate change is an increasingly important environmental issue for the globe.” His objective for the article, he said, was to correct the misleading attempts by skeptics to “discredit scientists and scientific research on climate change.” David Middleton concisely debunked Nordhaus’ argument in a piece for Watts Up With That.