Sentences with phrase «tax on fuels»

It took 1000 + pages to explain the carbon trading system in Waxman - Markey — I can explain this plan in two sentences: Institute a federal carbon excise tax on fuels whose rate increases with the carbon content per btu of the fuel.

A carbon tax would impose an indirect tax on these fuels due to their carbon dioxide emissions.

His critics show few signs of ever accommodating the ideas he now presses, which include a prompt moratorium on new coal - burning power plants until they can capture and store carbon dioxide and a rising tax on fuels contributing greenhouse - gas emissions, with the revenue passed back directly to citizens, avoiding the complexities of «cap and trade» bills.

The idea is to impose a tax on fuels based on the amount of carbon dioxide they put into the air when burned.

Indeed, a Greenpeace policy paper from 2001 shows Greenpeace's initial enthusiasm for the project: «Instead of cutting tax on fuels that wreck the climate, Gordon Brown should use this week's budget to boost genuine green fuels like biodiesel, hydrogen and green electricity.»

In addition, lower fuel prices and lower tax on fuel in Alberta means consumers have less incentive to purchase smaller or alternate - fuel vehicles, he says.

No details were immediately available on the measures, which are expected to include across - the - board tax hikes, including raising the rate of consumer tax by one percentage point to 24 percent and increasing taxes on fuel, coffee, alcohol, tobacco and hotel stays.

While axing a tax on the fuel Albertans produce is popular, much of the energy sector appears reasonably happy a provincial government is doing things to erase Alberta's old image as an environmental laggard; last month, oil sands heavyweights Suncor and Canadian Natural Resources Ltd. talked up Alberta's new environmental efforts to European investors, and their executives joined Notley on stage when the climate change plan and carbon tax were first announced.

Fuel Tax: Fuel tax is a road pricing scheme in which motorists pay a tax on the fuel they buy at the pump.

Current law requires NY fuel distributors to pay fuel taxes on all fuel up front and apply for a refund when they subsequently sell the product for an exempt purpose.

Checks by citifmonline.com indicate that Ghanaians are not enjoying a drastic fall in fuel prices because taxes on fuel alone constitute about 70 % of the cost.

«Shifting from VAT to pollution taxes, cutting the standard rate of VAT to 15 per cent, and reducing it to five per cent for some items, and abolishing road tax whilst increasing pollution taxes on fuel.

George Osborne announced in his autumn statement that he would be freezing the tax on fuel, rather than adding the proposed 3p a litre extra in January.

The tax on fuel has been either frozen or reduced steadily for two years.

Governments of all persuasions have always taxed road vehicles unfairly, with varying amounts of tax on both fuel and the...

Marion levies the same 7 - cents - a-gallon local tax on fuel as Lake County.

The state just increased taxes on fuel because of less spending.

Some corporations must pay excise taxes on fuel, transportation and manufacturing every year.

Simply look to the post fuel - shortage years (when $ 2 gas nearly crippled the country and gas lines were the norm), we did not slap a tax on fuel during that period to force people to cut back, yet we had a 35 % increase in efficency overall for home heating systems, airlines and transportation industry.

In the modeling, it turned out that issuing tax credits could backfire, while taxes on fuel proved beneficial.

25 % tax on fuel for heat.

The tax package would provide a substantial incentive to people to use more environmentally polluting modes of transport... International studies clearly demonstrate that taxes on fuel should be increased... and the biggest increase ought to apply to diesel fuel because, at least in urban areas, it has the most damaging effect on human health.

They have been, for a long time, trying to persuade us to use less fuel, to consume less, to travel less, for more taxes on fuel, and for «strong climate law».

The economy benefits from the removal of a myriad of distortions and crony give - aways, while also potentially benefiting from the replacement of a consumption tax on labor with a consumption tax on fuel.

There is another benefit of reducing the payroll tax — it would mean that we are replacing a consumption tax on labor with a consumption tax on fuel.

Because higher taxes on fuels will create a strong «market pull» to clean energy, carbon taxes will put a big dent in fossil fuel use and CO2 emissions without having to earmark revenues for hybrid cars, mass transit, biofuels, etc. — or to lawmakers» pet projects.

It is amusing that you true believers maintain that the surface temperature of the planet can be changed by in effect putting taxes on fuel up.

Airlines are accused of having a free ride in terms of air pollution because they pay no tax on the fuel used for international flights.

Not exact matches

Delta had hoped to that lawmakers would restore a sales tax exemption on jet fuel that lawmakers ended in 2015.

So policy makers focus on «core inflation,» which ignores changes in prices for fruit, vegetables, gasoline, fuel oil, natural gas, mortgage interest, intercity transportation, tobacco products and indirect taxes.

Traders are suddenly worried about interest rates (although anyone older than 30 has to be amused that 2.85 % on the Treasury 10 - year is a source of panic), worried about inflation (although after the last decade of stagnant wages, Friday's 2.9 % rise should be cheered, not jeered), and worried about a tax - fueled spike in growth (with this report from Powell's Atlanta colleagues leading the way.)

He said his administration is just getting started and «will work tirelessly to make good on our promise to the working people who built our Nation and deliver historic tax cuts and reforms — the rocket fuel our economy needs to soar higher than ever before.»

She proposed generous measures including a freeze on fuel duty — a trademark of Osborne's — as well as cuts to air passenger taxes, and further childcare subsidies.

«By removing the sales tax on jet fuel, we can level the playing field for our airports and airlines to compete.»

«Mandating tough fuel economy standards on auto manufacturers will do far more to reduce greenhouse emissions than a tax,» wrote one CEO.

Most governments rely on corporate taxes to fuel its coffers, but, again, businesses were steering clear.

In addition to tax changes (more on that below), Trump's plan to grow the economy focuses largely on generating more jobs in the fossil fuel economy (in coal and onshore and offshore drilling for oil and gas) and as a result of new infrastructure projects.

Fossil fuel prices are squeezing budgets in several states that rely heavily on severance taxes, such as Alaska, North Dakota, Wyoming and Oklahoma — even as OPEC nations consider cutting production to boost prices.

She said workers often fail to fully tabulate their employment expenses, including car payments, gas, insurance, fuel, repairs, utilities and property taxes based on the percentage of the car or home that is used for the business.

Energy Secretary Rick Perry implored energy industry leaders on Wednesday to embrace a new era of innovation enabled by fewer regulations, fossil - fuel development and Trump tax cuts.

On the other hand, if higher fuel taxes work as intended and get drivers to burn less carbon, then those people will find themselves ahead.

Anyone who's filled up the tank of a rental car while on a motoring holiday in Europe knows just how low Canada's fuel taxes really are by international standards.

Posted by Jeff Rubin on August 12th, 2014 under SmallerWorldTags: British Columbia, carbon tax, fuel tax, IMF, income taxes • 1 Comment

Congress eliminated the deduction for taxes on motor fuels in 1978, and eliminated the deduction for general sales tax in 1986.

Whether individuals are better off for this quid pro quo depends on how carbon taxes affect fuel consumption.

Having acknowledged the need to turn from the overdependence on fossil fuels to more environmentally friendly sources of energy, the government has tried to encourage the production of automobiles that use alternative sources of fuel by trying to give tax incentives to any buyers of such cars.

The logic behind carbon pricing — most likely either a tax on fossil fuels or a cap - and - trade system that allows companies to sell emission permits back and forth — is powerful.

In Alberta and B.C., GST is applied on top of the carbon tax on direct consumer fossil - fuel purchases, such as gasoline, as well as on products where a business has added some or all of the cost of the carbon tax to the cost of their good or service.

Regardless of whether the fuel source is coal, gasoline, diesel, natural gas, or propane the tax doesn't discriminate, levying a $ 30 per tonne charge on emissions from all carbon fuels.

The base fuel tax on gasoline, diesel and ethanol is 25.6 cents per gallon.