Democrats Don’t Want Cap And Trade Carbon Tax To Apply To Imports

• July 9, 2009

Senior Democrat senators said on Wednesday they would change a provision that imposes carbon taxes on imports following warnings that the clause in the House’s cap-and-trade bill could spark a global trade war.
The House’s bill contained tough provisions to impose carbon tariffs, aimed at protecting American companies’ competitiveness against imports from countries without equivalent carbon emission controls to those in the US.
Senator John Kerry, who is helping to write the senate’s version of the bill, said in a hearing on the issue on Wednesday: “We have already come to the conclusion in working on the Senate bill that we’re going to try and change that provision . . . we haven’t landed yet completely on where we come out”.

Here’s the problem they face. On one hand, if they slap tariffs on imports from countries without a cap and trade tax of their own (like China and Mexico) not only is the purchasing power Americans now enjoy going to go down (in the middle of a recession) as the price of goods goes up, but American companies that export are going to be hit as other nations retaliate with trade restrictions of their own.
On the other hand, if they don’t slap a tariff on imported goods all the manufacturers and other businesses that would be forced to pay a carbon tax here in America are just going to move their operations to other countries where they don’t have to pay one. Meaning we lose all those jobs and all the prosperity those businesses create. Plus, if you buy into the idea that we do need to cap carbon what good is it to shift carbon production from here to China? Or Mexico? Isn’t climate change a global “crisis” according to the alarmists?
There are no good solutions. This is a lose-lose situation which illustrates exactly why a cap and trade carbon tax is bad policy.

Tags: Asshats, Domestic Issues, Politics

http://Array sayanything-4625

Lets make it HARDER for American companies to compete! I don’t like my job in light manufacturing anyway. (I’m a salesman).
http://www.valleydeals.com/cgi-bin/board2/YaBB.pl Kevin

The inmates are running the asylum!
sayanything-4625

The difficulty with applying a tax to imports is that it’s difficult to calculate how much the cap-and-trade provision will cost American companies, i.e. what will be the effective tax of the provision.

In this part of the process that’s a feature not a bug. They can tell the gullible that it will only cost $30.00 a year.
http://redcollarsblog.blogspot.com/ red collar

Who’s getting that carbon tax money? Those who do make money don’t care about private business. They make a fortune anyway.

I’m in Canada, and I’ve heard Obama try to encourage local business by buying locally to boost the economy. Well guess what? Canadians are encouraged through radio ads to buy locally too! Great job, Obama! That’s the spirit! You are the leader and we ALL follow your example.

Good grief. If you’re buying locally instead of buying China made products, I can respect that. I’ve been trying to do that myself for years now. But our products? Your products? Why would we not work together on this? Makes no sense to me.
sayanything-4625

what you fail to acknowledge is the fact that those countries don’t trade fairly with us. We face all kinds of trade barriers with other countries yet we can’t protect our own.

So your way to protect our own is to tax American companies while exempting foreign companies? Interesting!
http://SayAnythingBlog.com The_Whistler_ofnd

The Cap and Trade Tax bill could be called the move American jobs offshore bill.
http://SayAnythingBlog.com The_Whistler_ofnd

Gene, what you fail to acknowledge is the fact that those countries don’t trade fairly with us. We face all kinds of trade barriers with other countries yet we can’t protect our own. What, China will float its currency? No! Lift trade barriers to US products, No!

LMAO. So because they don’t trade “fairly” with us we should torpedo our industry based on a scam and make the situation worse.

Nice logic.
djer

Gene, what you fail to acknowledge is the fact that those countries don’t trade fairly with us. We face all kinds of trade barriers with other countries yet we can’t protect our own. What, China will float its currency? No! Lift trade barriers to US products, No!
atease

We need a revolution. Throw ALL in DC out. All of them.

atease
http://insanereindeer.blogspot.com/ Kenny

Gene, what you fail to acknowledge is the fact that those countries don’t trade fairly with us. We face all kinds of trade barriers with other countries yet we can’t protect our own. What, China will float its currency? No! Lift trade barriers to US products, No!

The policy is stupid on it’s own, but someone supporting making American products more expensive to compete with overseas…well DJer, no one accused you of being bright.
mplsbob

This is the India/China Stimulus bill!
dawneyr

The Cap and Trade Tax bill could be called the move American jobs offshore bill.

Those benefiting financially in the global carbon tax and population control agenda fraud invested globally years ago. Those responsible have manufactured a trend and poured ridiculous amounts of money into selling the false idea and silencing genuine scientists. Look at the bill with its coercive padding to get coal and steel industries to keep their mouths shut. The promise is a global business carrot by a handful of deceptive people who want to shift economics and population control to their ideology and benefit. The green lie is dishonest, yet it is touted by those who squeal “fairness” and “justice” as their key selling points. The green lie is greedy, yet it is touted by those who slam the west as greedy, even those who have made fortunes in the west. It has little if anything to do with the environment, yet it is touted by the Live Earth propagators against sound science, common sense and Biblical Christianity. The green lie has nothing to do with helping the poor, although Gordon Brown and Bono play a mean Bleeding Heart duet. It’s a global power shift that they are trying desperately to pass off as quickly as possible. This is because it is a lie and lies are eventually full blown exposed in the light of day. These deceivers are very rich but their money will run out unless they either keep the population believing their lies, or unless they criminalize and intimidate dissent. The Bible says that no lie is of the truth, so it is time to stand up for the truth.
http://www.policycourt.com/ David Lamb

The difficulty with applying a tax to imports is that it’s difficult to calculate how much the cap-and-trade provision will cost American companies, i.e. what will be the effective tax of the provision. Worse, the effective tax will grow and shrink with the business cycle–where the provision costs companies most during times of growth and least during recession. Applying a tariff that fluctuates with the tax would be nearly impossible.
That’s why I co-wrote an analysis that suggests Congress implement a carbon tax in place of the cap-and-trade system. The tax wouldn’t stifle economic growth, and would more clearly and consistently show the cost to companies, so that an imports tax could more fairly reflect that.
Here’s link to the article: http://www.policycourt.com/2009/07/tax-dont-cap-and-trade/

Also I should say that Tom Friedman at the New York Times had another great analysis of the issue.
Lioncourt

The problem is our treaty obligations under the WTC. You guys are too ignorant to know this.
http://insanereindeer.blogspot.com/ Kenny

The problem is our treaty obligations under the WTC. You guys are too ignorant to know this.

No the problem is our leaders kneecapping us and expecting us not to notice our kneecaps were gone.
http://www.network-pass.com/ Jim Rome

Forcing the economy to develop a â€˜carbon conscience’ not only would likely be a stumbling block to economic stimulation, but trading carbon-credits on the market seemingly puts real assets in even greater jeopardy and goes beyond leveraging and fiat federal reserve currency further into the realm of imaginary-fiction funny money– and puts globalist monopoly men one step closer to total control.
http://magyartruth.blogspot.com/ Chief RZ

It is a tax on Americans! Not Communist countries, which are encouraged. Just ask Bill why they were granted MFN status.
2Hotel9

Just heard that Robert”KKK”Byrd is coming out against cap™. That will be the end of him in the Democrat Party.
bill-tb

What I think is funny is the libtards don’t think they will have to pay.
SigFan

When you consider that their entire agenda seems to be based on bringing the USA down to the same level as the communist countries and third-world crap-holes this makes perfect sense.
FlyOnTheWall

Lion, we’ve signed a treaty to pass this cap and trade bill? The one with a blank (blank check) too be filled later?

I thought if we signed the treaty we already had the law which would make this bill redundant.
http://magyartruth.blogspot.com/ Chief RZ

“They” will not pay, just like most Democrats in the cabinet. They do not pay their taxes, they do not work, they just steal OPM. I was glad to hear that the jury was able to see the frozen cash in the “cold cash” jefferson trial. Dirty Democrats.

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Democrats Don’t Want Cap And Trade Carbon Tax To Apply To Imports

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