Obama Pushes Carbon Tax Proposal That Would Inflict New Great Depression 'President elect Barack Obama used his speech at a Los Angeles summit last night to reinvigorate a push for the revival of a frightening proposal to slash carbon emissions by 80 per cent, a move that would inflict a new Great Depression, cost millions of jobs, and sink America to near third world status.' Cow Tax Proposal Would Threaten Agriculture Viability 'With the economy in bad shape and the possibility of a deep recession looming, the Environmental Protection Agency is proposing to levy new taxes—on cows and pigs,” American Farm Bureau Federation Director of Regulatory Relations Rick Krause told Wyoming Farm Bureau members at their annual meeting. Krause spoke in Sheridan on Nov. 7. “This is no laughing matter,” Krause said. “The cow tax and the pig tax are parts of a larger scheme by the Environmental Protection Agency (EPA) to regulate greenhouse gases under the Clean Air Act. Under the proposal, if a state charged the “presumptive minimum rate” from the EPA, the cow tax would be $175 per dairy cow, $87.50 per head for beef cattle and a little more than $20 per pig,” Krause explained.' Thousands Of Rioters Attack Police In China 'Local residents said the confrontation in the township of Wudu was triggered by redevelopment plans and the abuse of funds set aside for reconstruction after the major earthquake in May. But it has reinforced government fears that social instability is likely to pose an increasing threat to the government as China's boom is hit by the worldwide economic crisis.' Protests As Carbon Permits Auction Raises £54m 'The Government provoked protests from campaign groups yesterday as it began Europe's first auction of carbon emissions permits but admitted that the proceeds would not necessarily be used to tackle climate change. Campaigners said that the Treasury's decision to put the proceeds into its coffers rather than ringfencing them for use in environmental projects plays into the hands of critics, who fear that the ETS will be treated as little more than a green tax.'Thursday, 20 November 2008 Thursday, 20 November 2008 Thursday, 20 November 2008
Thursday, 20 November 2008
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