The economic recession has brought many bailout ideas, and ultimately one of the many ideas was "successful". So, instead of steadily increasing Income taxes, why not create a pollution tax? I mean, if the people are having a problem with paying mortgages, why increase income taxes and lower their actual income? The pollution tax is being enacted in England. Several Corporations are being taxed for the amount of pollution their factories create. This will not only help with the recession it will also help reduce pollution and force them to look for alternative methods of fuel.
I don’t know about taxing polluters but you have the right idea. The government would be wise to get rid of the income tax and replace it with the FairTax. Even if the revenue from the consumption tax weren’t as much as hoped for, it would
1. Force the gov’t to operate within its means
2. the loss would be partially offset by the money the gov’t saves by not having to run the IRS after American citizens every year.
July 3rd, 2009 at 10:57 pm
They do. Emitters in most states are required to pay fees for their emissions. See Title I of the Clean Air Act. Also, see Title V.
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July 3rd, 2009 at 11:36 pm
POLLUTION IS CREATED INCOME IS GENERATED
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July 4th, 2009 at 12:13 am
I don’t know about taxing polluters but you have the right idea. The government would be wise to get rid of the income tax and replace it with the FairTax. Even if the revenue from the consumption tax weren’t as much as hoped for, it would
1. Force the gov’t to operate within its means
2. the loss would be partially offset by the money the gov’t saves by not having to run the IRS after American citizens every year.
References :