barbara boxer 02142013

The lead of a Reuters’ story says it all: “Two of the most liberal senators on Thursday proposed a bill to tax carbon emissions, raising up to $1.2 trillion in revenue over 10 years that would largely be returned consumers.” [sic]

So let me get this straight. Senator Barbara Boxer (D-CA) wants to bring in over a trillion dollars in revenue from taxing carbon emissions and then returning a good portion of the money collected back to consumers.

Hmmm… sounds like a needless wealth transfer scheme to me…

 

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