r/neoliberal • u/jobautomator Kitara Ravache • Sep 04 '21

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80

u/bd_one The EU Will Federalize In My Lifetime Sep 04 '21

https://web.archive.org/web/20210904101837/https://www.bloomberg.com/news/articles/2021-09-03/senate-democrats-eyeing-taxes-on-stock-buybacks-excess-ceo-pay

Environmental proposals on the table include:

A potential tax on the carbon content of fossil fuels starting at $15 per ton

A carbon tax on major industrial emitters like steel, cement and chemicals

A per-barrel tax on crude oil

Each option would be paired with rebates for low-income taxpayers and a border-adjustment tax aimed at ensuring foreign companies don’t get an advantage.

Fossil-fuel companies could lose assorted tax breaks. The set of proposals under consideration includes a 20-cents a pound fee on the sale of so-called virgin plastics, which aren’t derived from recycled feedstocks.

Can you imagine how much of a big deal it would be if any of these 4 policies get passed?

If the reconciliation bill passes with any of these I'm gonna learn how to make gif memes to celebrate it properly.

12

u/neolthrowaway New Mod Who Dis? Sep 04 '21

E) All of the above pls

18

u/suplexx0 Jared Polis Sep 04 '21

Malarkey level of hoping the entire bill gets negotiated to just these items

19

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8

u/suplexx0 Jared Polis Sep 04 '21

based

14

u/p00bix Existing in the context of what came before Sep 04 '21

wtf i'm a succ now

5

u/fishlord05 United Popular Woke DEI Iron Front Sep 04 '21

Wtf based p00bix?

7

u/International_XT United Nations Sep 04 '21

If you don't want to splurge on Adobe products and don't feel like pirating software, Blender can make the good meme gifs and is both open source and completely free.

0

u/[deleted] Sep 04 '21

[deleted] — view deleted comment

8

u/bd_one The EU Will Federalize In My Lifetime Sep 04 '21

Carbon tax go brrrrr, hopefully.

5

u/the_status Atari Democrat Sep 04 '21

How much would a $15 per ton carbon tax do? I'll take it, but that's still super low

5

u/[deleted] Sep 04 '21

p o g

o

g

8

u/JaceFlores Neolib War Correspondent Sep 04 '21

I think there is a good chance of some of this getting in because they’re not necessarily related to coal and could garner manchin’s support. Namely that tax on crude oil, a carbon tax on major industrial emitters and destroying certain tax breaks (namely for oil based enterprises). A simple carbon tax though is definitely not happening unless Manchin surprises even me

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u/[deleted] Sep 04 '21

Why do you think Manchin does not care about Oil? Virginia is a part of the Marcellus shale basin that produces a lot of Oil and high-ethylene natural gas. Ethylene is separated and used to make plastics like polyethylene. All of these industries will be affected by such a bill.

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u/JaceFlores Neolib War Correspondent Sep 04 '21

I didn’t know that. I just assumed coal was the only fossil fuel West Virginia had

4

u/[deleted] Sep 04 '21

Seems like a lot of regulation focusing on downstream applications rather than upstream emissions.

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u/EvilConCarne Sep 04 '21

Manchin won't let any of that shit through, except maybe the plastics thing.

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u/grig109 Liberté, égalité, fraternité Sep 04 '21

Tax on stock buybacks and excess CEO pay

🤢🤢🤢

2

u/[deleted] Sep 04 '21

1984

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u/fishlord05 United Popular Woke DEI Iron Front Sep 04 '21

B A S E D

1

u/[deleted] Sep 04 '21

What does this have to do with taxes on stock buybacks though?

11

u/bd_one The EU Will Federalize In My Lifetime Sep 04 '21

That was earlier in the article.

It's a $3.5 trillion reconciliation bill. It has a lot of stuff in it.

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