August 10, 2007
(CNSNews.com) - The chairman of the House Energy and Commerce Committee this week announced a plan to fight global warming by reducing carbon emissions up to 80 percent by the year 2050. This would be done by raising gasoline taxes 50 cents per gallon and ending mortgage tax deductions on large houses, which the Michigan Democrat called "McMansions."
During town hall meetings in Ann Arbor and in Dearborn, Rep. John Dingell said he will make these proposals as part of a multi-tiered bill he will introduce on Sept. 1 in his committee, which handles legislation dealing with global warming.
Some home-contracting firms, however, criticized Dingell's proposal as misguided and economically detrimental. And some conservative tax experts agreed, noting that Americans already pay too much in taxes and raising taxes more will only curtail consumption and investment.
http://www.cnsnews.com/ViewNation.asp?Page=/Nation/archive/200708/NAT20070810a.html
2007-08-12
09:22:47
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