Michele Kearney's Nuclear Wire

Major News and Commentary Military and Civilian Nuclear Activities

Friday, November 9, 2012

Obama May Levy Carbon Tax to Cut U.S. Deficit, HSBC Says

Obama May Levy Carbon Tax to Cut U.S. Deficit, HSBC Sayshttp://www.bloomberg.com/news/2012-11-07/obama-may-levy-carbon-tax-to-cut-the-u-s-deficit-hsbc-says.html

 

 


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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