Biden's infrastructure plan
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  Biden's infrastructure plan
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Author Topic: Biden's infrastructure plan  (Read 1387 times)
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exnaderite
Junior Chimp
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« Reply #25 on: June 13, 2021, 12:04:22 AM »

Idea: taxing corporate emmissions and then putting all the proceeds in a special fund created for the purpose of giving the money out to each and every American, regardless of race, ethnicity, wealth level, or residence in urban or rural area.

Would be a great idea, but Biden has been reluctant to propose a carbon tax.

In Canada, the federal government is nudging provinces to introduce a carbon pricing system at their level. In provinces without their own carbon tax, the federal government levies one itself, and gives an annual "Climate Action Incentive" payout to every taxpayer. A carbon tax in the US would have to work in a similar way, though there will be plenty of court cases about federal jurisdiction.

A big flaw in current carbon pricing systems is that goods imported from countries with lax regulations aren't covered by these taxes, putting local producers at a disadvantage. The EU is exploring the idea of a carbon import tax for imports from countries without their own system. Any carbon tax in the US would be unworkable unless it includes such a tariff system.
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Amenhotep Bakari-Sellers
olawakandi
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« Reply #26 on: June 13, 2021, 02:53:56 AM »

As I stated before Biden is gonna have to wait til 2022 after that Election to increase taxes when he has more Senators and zhouse members, Manchin says he isn't going the Reconciliation route anymore

But hasnt ruled out weed legalization and Reconciliation and prescription drug prices thru Reconciliation.

Then, when we have a bigger majority we can have a wealth tax
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Amenhotep Bakari-Sellers
olawakandi
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« Reply #27 on: June 13, 2021, 04:56:56 AM »

WYDEN and Markey and Heinrich threatens to block the infrastructure bill negotiated by the bipartisan group, and Manchin and Sinema says no to Reconciliation, it appears infrastructure is DoA if WYDEN makes good on promise to Filibuster the deal and WYDEN has made good on Filibustering, he Filibustered the 500B stimulus package in the Senate right before the Election
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