Obama’s Team Negotiating a Climate Change Tax Skimming Scheme

Russ Steele

The Washington Examiner has the story:

President Obama’s team of negotiators at the United Nations Climate Change Conference may agree to a tax on foreign currency transactions, designed to pay for a “Green Climate Fund,” that would fall disproportionately on American travellers and businesses, according to a group attending the conference that is skeptical of the UN position on global warming.

Negotiators at the conference are considering “a new tax on every foreign currency transaction in the world,” according to the Committee for a Constructive Tomorrow (CFACT). “Every time you travel abroad, you’ll have to pay a climate tax,” explains CFACT, the group that released the “Climategate” emails. “More importantly, every time we import goods, every time we export our fine products (think jobs) we will do so with a climate tax skimming off the top.”

Here we go again, paying taxes to solve a problem that does not exist, and at the same time making US products less competitive in global markets. Why?

European countries would evade much of the tax burden, however, because “transactions within the Eurozone won’t have to pay this new tax.”

Note this is not a treaty that the Senate could veto, it is a tariff tax to support Green Climate Fund. Obama is working around the Senate and is planning on sticking the American Tax Payer with the bill.   My god 2012 cannot get here soon enough!

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About Russ Steele
Freelance writer and climate change blogger. Russ spent twenty years in the Air Force as a navigator specializing in electronics warfare and digital systems. After his service he was employed for sixteen years as concept developer for TRW, an aerospace and automotive company, and then was CEO of a non-profit Internet provider for 18 months. Russ's articles have appeared in Comstock's Business, Capitol Journal, Trailer Life, Monitoring Times, and Idaho Magazine.

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