The New 'Green Deal' Leftists Want Will Require a $1 Trillion Tax Increase

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Posted: Dec 17, 2018 4:25 PM
The New 'Green Deal' Leftists Want Will Require a $1 Trillion Tax Increase

Now that Democrats have taken back the House, a number of leftist members are supporting extreme measures to "combat global warming" and "climate change." 

According to Americans for Tax reform, a carbon tax bill introduced by House Democrat Ted Deutch will cost Americans $1 trillion in new tax hikes. 

"According to a recent report from the Congressional Budget Office, a $25 per ton carbon tax increasing by two percent per year adds up to a total net tax increase of $1.1 trillion," the organization reports. "The carbon tax bill is a massive and continually ratcheting national energy tax. It allows politicians to raise taxes in the future without ever having to vote. Just as the French carbon tax law grows more oppressive with time, within five years the Deutch bill would automatically rise to $55 per ton. For reference, the carbon tax handily rejected by blue Washington state voters in November started at $15 and ratcheted up by $2 per year."

"Voters across the USA and other countries continue to reject carbon taxes, but Democrats continue to find new ways to separate Americans from their money," it continues.

There are also some Republican lawmakers falling for this racket:

Other Democrats have signed onto the Deutch carbon tax bill, including John Delaney, Anna Eshoo, and the eternal politician Charlie Crist. Deutch also convinced Republican congressmen Francis Rooney (Fla.) and Brian Fitzpatrick (Pa.) to co-sponsor the bill, though they were nowhere to be found during the bill rollout media events.

Meanwhile, French President Emmanuel Macron just called off a massive carbon tax in France after a deadly revolt in Paris.

"The proposed carbon tax is a gas tax and a tax on your electric bill. Worse, it increases automatically year after year so the politicians can raise your taxes without ever having to vote," Americans for Tax Reform President Grover Norquist released in a statement. "The tax will be hidden in the price of all goods and services. A hidden tax. A permanent tax. An uncontrolled tax that increases without end."