Capitol Fax.com - Your Illinois News Radar » Carbon tax? *** UPDATED X1 ***
SUBSCRIBE to Capitol Fax      Advertise Here      Mobile Version     Exclusive Subscriber Content     Updated Posts    Contact
CapitolFax.com
To subscribe to Capitol Fax, click here.
Carbon tax? *** UPDATED X1 ***

Friday, Feb 15, 2008

* I’ve been telling subscribers about the possibility of a “carbon tax” proposal for over a week now, and Bethany Jaeger gives it mention this afternoon

There’s more talk about Gov. Rod Blagojevich seeking to garner revenue through a so-called carbon tax, which the Illinois Chamber of Commerce already is prepared to oppose if it appears in his annual budget address February 20. […]

If the governor does propose a form of tax on carbon dioxide emissions, expect vocal opposition from the agribusiness and coal industries. We’ll have more on the carbon tax later if it is indeed proposed. The chamber suggests http://www.carbontax.org/ to learn more in the meantime.

I wonder if the Chamber was being tongue in cheek because that website favors carbon taxes.

…Adding… I’ve also been told about internal discussions involving a corporate asset tax.

*** UPDATE *** The administration responds to the IL Chamber’s worries about the potential for the governor introducing a carbon tax…

Blagojevich spokeswoman Rebecca Rausch issued a written statement that the chamber is misguided. “It seems like a waste of time and resources,” she wrote, “but if that’s what the chamber wants to do, it’s their decision.”

- Posted by Rich Miller        

18 Comments
  1. - Napoleon has left the building - Friday, Feb 15, 08 @ 4:19 pm:

    Seems a bit silly to me to oppose the Governor’s proposal before it has even been unveiled. Of course he won’t have any details or an actual bill for us to look at until May 15th, but still - I won’t start to say I have a problem with it until he actually announces it. The Chamber jumped the gun here a bit.


  2. - GoBearsss - Friday, Feb 15, 08 @ 4:22 pm:

    It is comical - when you know nothing, it seems people grab at anything.

    I heard someone the other day say the Gov was going to reintroduce the GRT. I doubt he would.

    I am sure the Chamber is just trying to muscle some money out of the energy companies - must be their new fundraising plans.


  3. - Rich Miller - Friday, Feb 15, 08 @ 4:32 pm:

    GoBearsss, then perhaps you should stop people in your shop from telling their lobbyist [and legislator] friends about the internal discussions.


  4. - Squideshi - Friday, Feb 15, 08 @ 4:38 pm:

    Kudos to Blagojevich, should he actually propose this. The Green Party specifically supports a “carbon tax” in its national platform; and here is that the platform of the Illinois Green Party says:

    “In addition, one important policy change that could be adopted at the state level is the introduction of a “pollution tax.” The idea behind the pollution tax is to impose the costs of despoiling the environment on those businesses that are responsible for creating the environmental hazards. Producers of greenhouse gases - ozone depleting chemicals and dioxins, for example - would be among those taxed. The tax would give manufacturers an incentive to change their practices and give nonpolluting competitors an edge in the marketplace. Furthermore, the funds raised in this manner could be used to help develop and implement alternative methods of production.”


  5. - A Citizen - Friday, Feb 15, 08 @ 4:46 pm:

    Carbon tax ? That is idiotic nonsense. We could raise much more with the gravity tax! Those consuming too much gravity pay and pay “hefty” taxes. Now there is a real idea.


  6. - Anonymous - Friday, Feb 15, 08 @ 4:56 pm:

    I favor a tax on political campaigns along the same lines as professional baseball and basketball team salary ceilings. After a state race hits $50,000 for the House, $75,000 for the Senate, and $500,000 for statewide or Congress, the candidate has to pay 1/2 the overage as an excess campaign costs tax.


  7. - GoBearsss - Friday, Feb 15, 08 @ 4:57 pm:

    I don’t think that describes anyone in my shop, but I will tell them all anyway! :)

    I just think the carbon tax and corporate asset tax ideas are just comical. They don’t seem to me to pass the smell test.

    But, then again, you never know.


  8. - enviro-zealot - Friday, Feb 15, 08 @ 5:25 pm:

    A carbon tax makes sense because the cost of energy doesn’t account for all of the environmental damages associated with energy production, distribution and consumption.

    However, the tax must be set at a level that will motivate facilities to take steps to reduce their emissions. Ideally, it should be established at the national or regional level to even the playing field.

    The carbon tax shouldn’t be created just to help plug the state’s growing budget deficit. A good chunk of the revenue should be used to help industry, institutions and consumers shift to cleaner, renweable technologies, while making their existing buildings and operations more energy efficient.


  9. - Pot Stirrer - Friday, Feb 15, 08 @ 5:59 pm:

    Carbon Taxes serve only to give the govenment another vehicle to collect money which they have proven to fritter away on other programs. Carbon research tax incentives might actually do something for those industries affected and achieve the desired objective. Carrots usually work better than sticks.


  10. - DC - Friday, Feb 15, 08 @ 8:04 pm:

    Has Rod met a tax he didn’t like? I think the state ought to tax news releases, press conferences and lawsuits initiated by the Executive branch. At the risk of sounding cynical, I would really like to know more about the money trail on this proposal. Rod doesn’t do anything for altruistic reasons, even if he doesn’t directly benefit from it. Would the tax revenue go to support (read: subsidize) start-up companies or new companies who magically (or already have) contributed to the legal defense, er,um I mean campaign fund?


  11. Pingback Carbon Tax Center » Carbon Tax - Friday, Feb 15, 08 @ 11:19 pm:

    […] 02/16/2008 by Daniel Rosenblum Carbon Tax? (The Capital Fax Blog) Filed under Headlines […]


  12. - Pot calling kettle - Saturday, Feb 16, 08 @ 9:09 am:

    Enviro-zealot has it right. This should not be seen as a deficit plug because, if properly designed, it would encourage a decrease in emissions and thus would decrease as a revenue surce over time.

    Carbon taxes are meant to internalize an economic cost usually borne by society. Some generators will reduce their emissions, which is the desired out come. Others will pay the tax and revenues generated from taxing them are best suited to further the goal of decreasing the impact on society imposed by those continuing emissions.


  13. - NoGiftsPlease - Sunday, Feb 17, 08 @ 3:53 pm:

    The idea of a carbon tax to control pollution is good. However, if the tax is imposed in illinois and not in other states, it is bad for Illinois and wouldn’t impact pollution. This is because business would move to another state and continue polluting. As a simple revenue raiser, “two thumbs down.” Applied in isolation, you could easily end up on the negative revenue side.


  14. - some guy - Monday, Feb 18, 08 @ 9:39 am:

    Would a carbon tax raise gas prices or is this just a business thing?


  15. - Anon - Monday, Feb 18, 08 @ 12:27 pm:

    It’s always perplexing when people say, as No Gifts Please does, that “business would move to another state and continue polluting”. Does anyone really think you can move a coal plant?


  16. - NoGiftsPlease - Monday, Feb 18, 08 @ 6:29 pm:

    You CAN move a coal plant if it the cost of operating it in Illinois outweights the cost of opening and operating it elsewhere. However, the idea that “coal plants” are the only industries that produce CO2 is incorrect. Industry is the largest producer of CO2 emissions, followed by transportation. What kind of industries produce large CO2 emissions? Cement production, lime production, iron and steel production, refineries, pulp and paper, fertilizer production, petro-chemicals. We certainly have a huge transportation industry here in Illinois, being at the crossroads of the nation. I’m not an expert on the industrial mix of Illinois, but I think a carbon tax would hit a larger base than some think. Your own household transportation would be fair game.


  17. - Anonymous - Wednesday, Feb 20, 08 @ 7:54 pm:

    Far wiser and simpler to just raise air permit fees based on the amount of carbon emitted, especially since the Supreme Court ruled EPA (thus IEPA, right?) can regulate carbon emissions.

    Reducing our oil consumption with a gas tax would actually improve our economy because over time we’d become more efficient and far less money would be flowing out and going overseas.

    If we could firmly tie higher carbon revenues to lower income or property taxes who would object to taxing the bad instead of the good?

    The real question is what to do with the money? Hopefully, most of it would go back to consumers as a check to help offset higher energy prices. People who save enough energy may actually profit.

    Only a very small portion of any revenues should be entrusted to government or corporations, as they’re more likely to help friends with far more expensive solutions than we want or need.


  18. - PCC - Tuesday, Feb 26, 08 @ 1:03 pm:

    In other news, British Columbia is the second Canadian province to propose a carbon tax — and they’re going whole hog, with a levy that amounts to nearly $0.30/gallon of gas when fully phased in. Note that all of the initial revenue will be returned to taxpayers as by cutting income tax and some business taxes.


Sorry, comments for this post are now closed.


* Open thread
* SUBSCRIBERS ONLY - Supplement to today's edition
* SUBSCRIBERS ONLY - Today's edition of Capitol Fax (use all CAPS in password)
* *** LIVE COVERAGE ***
* Yesterday's stories

Support CapitolFax.com
Visit our advertisers...

...............

...............

...............

...............


Loading


Main Menu
Home
Illinois
YouTube
Pundit rankings
Obama
Subscriber Content
Durbin
Burris
Blagojevich Trial
Advertising
Updated Posts
Polls

Archives
January 2021
December 2020
November 2020
October 2020
September 2020
August 2020
July 2020
June 2020
May 2020
April 2020
March 2020
February 2020
January 2020
December 2019
November 2019
October 2019
September 2019
August 2019
July 2019
June 2019
May 2019
April 2019
March 2019
February 2019
January 2019
December 2018
November 2018
October 2018
September 2018
August 2018
July 2018
June 2018
May 2018
April 2018
March 2018
February 2018
January 2018
December 2017
November 2017
October 2017
September 2017
August 2017
July 2017
June 2017
May 2017
April 2017
March 2017
February 2017
January 2017
December 2016
November 2016
October 2016
September 2016
August 2016
July 2016
June 2016
May 2016
April 2016
March 2016
February 2016
January 2016
December 2015
November 2015
October 2015
September 2015
August 2015
July 2015
June 2015
May 2015
April 2015
March 2015
February 2015
January 2015
December 2014
November 2014
October 2014
September 2014
August 2014
July 2014
June 2014
May 2014
April 2014
March 2014
February 2014
January 2014
December 2013
November 2013
October 2013
September 2013
August 2013
July 2013
June 2013
May 2013
April 2013
March 2013
February 2013
January 2013
December 2012
November 2012
October 2012
September 2012
August 2012
July 2012
June 2012
May 2012
April 2012
March 2012
February 2012
January 2012
December 2011
November 2011
October 2011
September 2011
August 2011
July 2011
June 2011
May 2011
April 2011
March 2011
February 2011
January 2011
December 2010
November 2010
October 2010
September 2010
August 2010
July 2010
June 2010
May 2010
April 2010
March 2010
February 2010
January 2010
December 2009
November 2009
October 2009
September 2009
August 2009
July 2009
June 2009
May 2009
April 2009
March 2009
February 2009
January 2009
December 2008
November 2008
October 2008
September 2008
August 2008
July 2008
June 2008
May 2008
April 2008
March 2008
February 2008
January 2008
December 2007
November 2007
October 2007
September 2007
August 2007
July 2007
June 2007
May 2007
April 2007
March 2007
February 2007
January 2007
December 2006
November 2006
October 2006
September 2006
August 2006
July 2006
June 2006
May 2006
April 2006
March 2006
February 2006
January 2006
December 2005
April 2005
March 2005
February 2005
January 2005
December 2004
November 2004
October 2004

Blog*Spot Archives
November 2005
October 2005
September 2005
August 2005
July 2005
June 2005
May 2005

Syndication

RSS Feed 2.0
Comments RSS 2.0




Hosted by MCS SUBSCRIBE to Capitol Fax Advertise Here Mobile Version Contact Rich Miller