Boxer’s $4,500 climate tax 

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9 May 07

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Boxer's $4,500 Climate Tax


9 May 07 - Clinton, Obama sign onto to Boxer’s $4,500 climate tax on American families. 

Senate Environment & Public Works Chairman Barbara Boxer and Senator Bernie Sanders have proposed the "Global Warming Pollution Reduction Act" aimed at combating climate change. The proposed partisan bill (S.309) is supported by another 15 senators, including: Sen. Hillary Rodham Clinton; Sen. Barack Obama; Sen. Christopher J. Dodd; Sen. Joseph R. Biden; Sen. Daniel K. Akaka; Sen. Russell D. Feingold; Sen. Daniel K. Inouye; Sen. Edward M. Kennedy; Sen. Frank R. Lautenberg; Sen. Patrick J. Leahy; Sen. Robert Menendez; Sen. Jack Reed; Sen. Sheldon Whitehouse; Sen. Barbara A. Mikulski, and Sen. Benjamin L. Cardin.

A new MIT study concludes that the Sanders-Boxer approach would impose a tax-equivalent of $366 billion annually, or more than $4,500 per family of four, by 2015. And the annual costs will grow after 2015.

Senator James Inhofe, EPW Ranking Member, said today: "Carbon caps would artificially and needlessly raise the cost of energy the most on the people least able to afford it. It astounds me that any Senator could support such a proposal."

See entire article:
http://epw.senate.gov/public/index.cfm?FuseAction="Minority.Facts&";ContentRecord_id=
71d7ea1f-802a-23ad-47d6-eeb1dabe3d24&Region_id=&Issue_id=




               

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