“Since the early 90s, the vast majority of Americans have been in favor of higher taxes for the rich… these are mainstream ideas and positions, but if you watch Fox News it seems like it’s a crazy, lunatic idea,” says @rcbregman.“Donald Trump, who doesn’t want to show his own tax returns, and who knows how many billions he has hidden away in the Cayman Islands… he was brought into power by this propaganda channel, Fox News,” says @rcbregman.“It’s a very American idea…. If you want to make capitalism work, you got to ensure competition. If companies become too big, like it’s clearly the case with Amazon right now, you break them up, that’s what you do if you have a proper capitalist economy,” says @rcbregman.
Exxon Mobil Corp. is committing $1 million over two years to promote a tax on carbon emissions by corporations, one of the few times an oil company has given money to make fighting climate change a political priority in Washington.
Exxon sees a carbon tax as an alternative to patchwork regulations, putting one cost on all carbon emitters nationwide, eliminating regulatory uncertainty hovering over Exxon’s business in states that might seek to target oil companies, the person said.
.. Exxon’s contribution will go to Americans for Carbon Dividends, a new group co-chaired by former Senate Majority Leader Trent Lott. It is promoting a carbon tax-plus-dividend policy first proposed by two former secretaries of state, James Baker III and George Shultz, last year. All three figures are Republicans.
The idea is to discourage companies from emitting carbon through the tax, but to avoid burdening consumers by returning the money to Americans through what the group calls a “carbon dividend” that it estimates could be as much as $2,000 annually per family.
On climate change issues, Exxon finds itself in unlikely opposition to many in the Republican Party, at a time the GOP holds the White House and majorities in Congress. Republican leaders there have often derided the idea of global warming and shown contempt for taxes as a solution.
While the Baker-Shultz plan is designed to be revenue-neutral by sending all of the money directly back to Americans, critics say it is too nuanced and complicated to be palatable.
.. “I don’t think the base would believe that, even if it were true,” said George David Banks, a former adviser to Mr. Trump on climate issues. “Not only are you asking the base to support climate policy, but you’re asking them to support a tax. You’re asking them to support a double whammy.”