fbpx
Connect with us

News

Democrats are Proposing a Carbon Border Tax, You be the Judge if its a Good or Bad Proposal

Published

on

On Monday, Democratic lawmakers proposed a new carbon border tax to help with the fight against climate change.

What We Know:

  • Sen. Chris Coons (D-DE) and Rep. Scott Peters (D-CA) proposed tax could “raise as much as $16 billion annually.” It will impose taxes on imports from China and other countries that aren’t actively attempting to reduce their “planet-warming pollution.” Lawmakers believe that this tax would level the field for domestic manufactures and show that “climate policy goes hand in hand with providing economic opportunities.” The tax will be a part of President Joe Biden’s $3.5 trillion budget plan.
  • The tax would begin in 2024 and “apply to about 12% of U.S. import.” Imports that will be affected by the tax would be steel, natural gas, petroleum, and coal. This move by the Democrats comes just a week after the European Union released their proposal for a carbon border tax for places that have “lax pollution controls.”
  • With the tax, countries would have to pay “a price for each ton of carbon dioxide they emit in making their products.” The US hopes that this will encourage other countries to price their carbon to help drive down emissions and eliminate any competitive advantages other countries may have. The tax will also help with stopping American companies with high carbon emissions from setting up factories in countries that have more lenient environmental rules.
  • Many are concerned that this new tax bill will cause issues between the US and other countries it trades with and trigger detrimental diplomatic disputes, as the country is still recovering from ties that were broken under former President Donald Trump’s administration. John Kerry, the U.S. Special Envoy for Climate Change, stated back in March that “serious implications for economies, and for relationships, and trade” would stem from the initial EU tax. The United Nations is set to meet for climate negotiations in November, and the carbon tax could create difficulties leading up to the meeting.
  • David Weisbach, a professor at the University of Chicago Law School and an expert in carbon border tariffs, believes that the carbon border tax will cause foreign countries to raise prices on imported goods for Americans, such as medical equipment, automobiles, and appliances. The tax could also cause issues for poorer countries, as they would not have to pay a tax, but it would be up to US groups to figure out if those countries are holding up their end regarding enforcing climate change laws.
  • Republicans also have issues with the $3.5 trillion budget plan that the Biden administration has proposed. John Barrasso (R-WY) called the plan a “freight train to socialism” and the chance for a trade war to erupt. In a statement, Barrasso said that the US should focus on making energy cleaner and more affordable, then trying to push regulation and taxes overseas. With Wyoming being a big producer of coal, natural gas, and crude oil, it is considered by some scientists as being a leading producer in carbon emissions that’s causing climate change.
  • After taking office, Biden added the US back to the Paris Agreement and promised to focus on climate change. Along with about 200 countries, the US agreed to cut emissions, but not necessarily in the same way. The EU and the US will cut their own countries’ emissions. Saudi Arabia will focus on future emissions growth, and India plans to reduce “greenhouse gas intensity per unit of gross domestic product they produce.”

Under this tax, companies located in the US will not be penalized for their contributions to the increase of carbon emission levels and pollution seen in the country. No word yet on if Biden agrees with the tax plan.

Comments

comments

Coronavirus

Biden Calls Out DeSantis’ Refusal on Mask Mandates

Published

on

President Joe Biden told reporters that Governors Ron DeSantis’s decisions against mask mandates would eventually have results that will affect constituents.

What We Know:

  • Biden’s message comes after DeSantis declared he would not impose mask mandates in Florida. DeSantis also said he would withhold funds from any schools that attempt to place guidelines on wearing masks. Currently, Florida faces a severe spike in cases due to the Delta variant and lower vaccination rates.
  • Because of this, Biden gave his stern commandment. The President stated the country needs leadership from everyone, and if some governors do not want “to do the right thing” to beat the pandemic, they should allow businesses and universities to do so. Pres. Biden further reminded the governors that they hold the power to save lives.

 “But if you are not going to help, at least get out of the way of the people who are trying to do the right thing,” said Biden.

  • DeSantis believes the spike in cases is just a pattern, similar to those seen last year despite the President’s pleas. In addition, the Florida governor downplayed the state’s surge in hospitalizations; according to DeSantis, COVID patients only “represent a fraction of the overall hospital beds.”
  • Furthermore, DeSantis responded to Biden’s comments at an August 4th press conference. He claimed the President was singling out Florida over the coronavirus pandemic. Additionally, DeSantis stated Biden did not live up to his promise to end the virus’ spread, as he allows the United States to have a “wide open southern border.” DeSantis stated that until Pres. Biden secures the border, he wishes not to hear anything about COVID from him.

On August 5th, Florida saw 20,133 new COVID-19 cases. On July 31, the state recorded 21,683 cases, the highest number since the pandemic’s beginning; August 5th’s results were only 1,550 test results lower.

Comments

comments

Continue Reading

Headlines

Senate Prepares to Move Forward with Bipartisan Infrastructure Bill

Published

on

On Monday, the Senate pushed to pass the bipartisan infrastructure bill just hours after its legislative language was completed and unveiled. Senators who created the proposal expect it to clear the upper chamber in the following days.

What We Know:

  • Senate negotiators completed the 2,702-page bill on Sunday night. The bill, known as H.R. 3684, aims to provide $550 billion to fund the nation’s roads, bridges, railways, and public transit systems.
  • Since then, the Senate began taking up two amendments to the proposal. In addition, Senate Majority Leader Chuck Schumer previewed three bipartisan amendments for consideration. Currently, it is uncertain how many amendments the Senate will consider. However, Schumer wants to vote on amendments quickly; he also noted that the first three “constitute only the first tranche of potential amendments.”
  • Senate Minority Leader Mitch McConnell commented that H.R. 3684’s text lays out “a good and important jumping point for what needs to be a robust and bipartisan process” on the Senate floor. McConnell added that an “artificial timetable” must not affect the Senate’s “full consideration” of the bill.
  • On July 28, the bipartisan group of Senators and the White House reached an agreement on H.R. 3684’s details. Officials also voted 66-28 on the deal, which opened the package to potential changes during the amendment process. After this, Senators worked throughout the weekend to hammer out the legislative language.
  • If the Senate passes H.R. 3684, it will be a significant victory for President Joe Biden. A key proposal in his economic agenda, Biden boasted on the impact H.R. 3684 will hold on the nation. On Sunday, he tweeted that the deal is the most important investment in America’s public transit history. He additionally stated the bill will impact the U.S. just as much as the invention of the Amtrak 50 years ago.

If Congress approves H.R. 3684, it will ensure that Democrats may begin work on a $3.5 trillion proposal that focuses on Biden’s plans for childcare, healthcare, education, the environment, and possibly immigration. Doing so will ensure another success on Pres. Biden’s behalf.

Comments

comments

Continue Reading

Coronavirus

Disneyland and Disney World to Require Masks Indoors Again Regardless of Vaccination Status

Published

on

The new policy follows the Centers for Disease Control and Prevention (CDC)‘s recommendation that fully vaccinated people wear masks indoors as COVID-19 cases skyrocket in places such as California and Florida.

What We Know:

  • As of July 30, the Walt Disney Company requires all park visitors, regardless of vaccination status, to wear face-coverings indoors at Walt Disney World Resort in Florida and Disneyland Resort in California. The only guests who are exempt from these rules are children under the age of two.
  • On July 27, Orange County Mayor Jerry L. Demings declared a local state of emergency due to a spike in coronavirus cases; according to Demings’ executive order, the county in which Disney World is located saw the 14-day rolling positivity rate go over 15%. Orange County also saw a new record of 1,371 cases, the highest number since the pandemic’s beginning, a day prior to the mayor’s announcement.
  • The CDC further ruled Orange County an area with high transmission levels; officials added that the virus “continues to pose a public health threat.” In addition, Anaheim, the location for Disneyland, is facing “substantial” levels of community transmission. On the week of July 30, the city saw a seven-day positivity rate of 6.33%.
  • The influx in cases comes as the Delta variant runs rampant across the country. Currently, the more contagious version of the virus accounts for approximately 83% of cases in the U.S. The more frequent occurrences of COVID-19 also stem from the fact that vaccination rates have slowed down significantly. Disney Parks might continue to enact these mandates until cases stabilize once more.

Last March, the Walt Disney Company closed down all of its parks worldwide as the world dealt with the COVID-19 pandemic. Walt Disney World in Florida became the first U.S. park to reopen in July 2020. Disneyland opened its gates nine months after Disney World in April 2021.

Comments

comments

Continue Reading

LIVE TALK RADIO

BNA DAILY PODCAST

Trending