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 Center for a Constructive Alternative (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."
European countries would evade much of the tax burden, however, because "transactions within the Eurozone won't have to pay this new tax."
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CFACT suggests that Obama is open to implementing this tax and similar policies in the absence of a full climate treaty, which would require congressional approval.
2 comments:
Pretty sure that wouldn't pass Constitutional muster, and he'll have Congress actively blocking, not just being ignored.
Art 1 gives Congress alone the power to set duties and tariffs (which is exactly what a tax on international monetary exchanges is). He can negotiate treaties, but I think will find himself Congressionally blocked if attempting to subvert the US Con that way. (That assumes Congress retains its testes.)
Every time you turn around, this "law professor" and "constitutional scholar" is saying something about his intentions that indicate he has no more understanding of the workings and interrelationships and limitations on power set forth in the US Constitution than some newly minted peasant Soviet comrade from outside Minsk in 1919.
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