Submitted by: Terry Payne
Dictator Pelosi’s next destructive move against economy:
Democratic lawmakers have devised a plan to impose a border tax on imported goods that is based on the exporting countries’ greenhouse gas emissions. Although details are scarce, the New York Times ran an article Monday which provides a broad outline of the border tax explaining that it would “require companies that want to sell steel, iron, and other goods to the United States to pay a price for every ton of carbon dioxide that is emitted during their manufacturing processes. If countries can’t or won’t do that, the United States could impose its own price.”
This proposal follows a similar plan that came out of the European Union last week. As the Wall Street Journal’s editorial board explained, under that plan, “foreign firms would have to undertake detailed carbon audits to report emissions to EU regulators, and then would have to work out what proportion of the emissions attributable to goods shipped to the EU already were covered by carbon taxes elsewhere. If a company isn’t able to complete such complex and expensive calculations, its carbon tariff will be estimated on the basis of the emissions of the dirtiest 10% of European producers for the same good.”
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