Imposing a carbon tax in New Hampshire would hurt New Hampshire consumers in so many ways that it’s difficult to count them all. But we can at least rest assured that this scheme to stop a source of climate change will be warmly embraced by all the environmentalists who once opposed nuclear power. Can Seabrook Unit Two be far behind?
We won’t hold our breath on that, although come to think of it, there may be a carbon tax on breathing next.
New Hampshire Democrats pushing the carbon tax are not shrinking violets when it comes to its size. Their plan is to charge carbon-based fuels at such a level that $300 million would be generated in the first year alone. That would rise to $795 million by 2023.
And who would pay this and where would the money go?
You would pay, Mr. and Ms. Consumer. The gasoline tax alone would be 18 to 20 cents PER GALLON in the first year. You would also pay it in your heating bill. But that’s just direct costs.
Just about every consumer product would be affected, not only in manufacturing but in retail prices when the truckers have to pass on that gasoline or diesel tax to your grocery store or the coffee shop.
As to where the money would go, the bill calls for 70 percent of it to be (somehow) rebated back to you; 20 percent of it would go to greenhouse gas reduction programs and 5 percent would go to big energy users.
If you think that’s not quite 100 percent, you get a star. The remaining 5 percent would go to “administer” the program.
Better yet, how about we not have New Hampshire, with our high energy costs and cold climate, do this at all? Washington state’s left-leaning government pushed this in a referendum last year and was overwhelmingly defeated by voters.
The proponents now say they will go through the more-enlightened legislature.
What none of these people think about is that a thriving economy will generate far more and cheaper answers to man-made climate change than this tax scheme.