If I wanted to increase taxes and create new global taxes I certainly would say just that. Then..oops...we need a new Department of Energy Credits and we need...
So what would this do to the economy? Read this for a tiny taste:
http://www.foxnews.com/story/0,2933,339831,00.html
from the piece:
"Just this week the Environmental Protection Agency issued its economic analysis of the Lieberman-Warner global warming bill that is being considered by the Senate. The EPA projects that if the bill is enacted the size of our economy as measured by its gross domestic product would shrink by as much as $2.9 trillion by the year 2050.
That’s a 6.9 percent smaller economy than we otherwise might have if no action were taken to reduce greenhouse gas emissions. For an idea of what that might mean, consider our current economic crisis.
For more perspective, consider that during 1929 and 1930, the first two years of the Great Depression, GDP declined by 8.6 percent and 6.4 percent, respectively. And what would we get for such a massive self-inflicted wound? It ought to be something that is climatically spectacular, right? You be the judge. "
So read the article and judge whether or not we would benefit by damaging the economy more than the great depression did.
