back to the issue of what happens to american businesses that are being saddled. we had a health care discussion last segment, now this. what would companies do? do you think that would lead to layoffs? well, yes in the sense it s going to cost. no to cost more. you can debate whether or not, you know, the earth s temperature is rising because of human carbon use. you can debate yes and no and all of that. the scientific stuff is meaningless when it comes to the fact that what christian said is absolutely right. this is the wrong time. we ve got a big fiscal problem in front of us, a cliff that s going to occur here in the next two or three months if we don t solve it and here is a guy coming along saying, i m going to complicate it with a carbon thing. that s just nuts! it s not just a question of implicating it, it s a question of hurting. imagine al gore landed at plymouth rock. he would say, i want to impose a tax on every tree you cut down. imagine what the real life
christian, while some say this is a pretty far fetched idea and it doesn t really stand a chance, at the same time, al gore contend this is would actually help individuals get their tax rates lower because it would be extra revenue. but that would be we d have to make that happen, correct? yeah. i think al gore is right about the policy of a carbon tax, but wrong about the timing. we do need a carbon tax because right now the price of carbon fuels is not account for the cost, pollution, health care and otherwise. that s a market failure. that s a market distortion. you need to fix that. but a well designed carbon tax has to be revenue neutral. it has to be offset with reductions and payroll tax which is is not part of our current fiscal discussion. so he s right about the policy, but really wrong about the timing. jonathan, they would have to accomplish that to hold back and not spend the revenues from a carbon tax or a vat tax on energy tax, take your pick. cheryl, what abou
climate whatsoever. so to inject this into there to make it unnecessarily economicked and if they did, somebody has got to pay for it and they got to figure out some way to do it. this is just making a mess out of something that s already too difficult to solve. who ends up paying for it? companies most likely. i mean, we like to tax really wealthy folks and like to tax companies, especially energy companies. yeah. we hate these guys. look, unfortunately for the environmental movement, al gore was sprayed with human repellant at some point during his life and he has some good ideas. this is not one of them. this is just going to be passed along to consumers and to the companies. this is just a penalty for being a fossil fuel company. if the production tax credit, which encourages it s not a subsidy, it s a tax credit for infrastructure for energy, if it s not extended, you ll see renewable energy structure go down 720 to 80%. this is a dumb fight to pick.
children and adolescents in particular may be at an increased risk of seizures, confusion or abnormal behavior. the most common side effects are mild to moderate nausea and vomiting. the flu comes on fast, so ask your doctor about tamiflu. prescription for flu. forget the pick cliff. are we about to go over the climate cliff? al gore calling for a carbon tax to be part of the negotiations. he said it will help fight global warming and keep individual tax rates low. wayne, you re cold on this global warming idea and the tax. why? well, he s a politician. he s not a climate thomas. it s like asking barney frank to be an expert on bank, although he wrote a banking bill. they re implicating unnecessarily they ve got a problem already. you re talking about the fiscal cliff, which has to do with taxes and has to do with income and has to do with things that have nothing to do with the
coming up, it s not just the fiscal cliff taxpayers should be bracing for. now there is al gore s climate cliff. plus a new plan to keep the lights from going out when the next sandy hits. that could hit everyone s electric k in 1894, bill. good times. never taking a bailout. there when you need them. helping millions of americans over the centuries. the strength of a global financial leader. the heart of a one-to-one relationship. together for your future.