If you want to know what a carbon tax on emissions of carbon dioxide (CO2) would do to America you need only look at the destruction of industry and business in Australia, along with the soaring costs for energy use it imposes on anyone there.
“The carbon tax is contributing to a record number of firms going to the wall with thousands of employees being laid off and companies forced to close factories that have stood for generations”, Steve Lewis and Phil Jacob reported in a March 18 issue of The Daily Telegraph, a leading Australian newspaper.
“Soaring energy bills caused by the government’s climate change scheme have been called ‘the straw that broke the camel’s back’ by company executives and corporate rescue doctors who are trying to save ailing firms.”
The passage of a carbon tax in America would have the exact same results and it remains a top priority for the White House and Democrats in Congress who see it as a bonanza in new funding for the government.
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