Articles Tagged: BTU Tax

Son of a BTU

Ever since the Clinton Gore Administration, climate advocates have been working on schemes to put a price on carbon. Their goal is to force fossil energy out of our economy. The first attempt was the ill-fated BTU tax, introduced in the early days of the Clinton Gore Administration. Clinton-Gore quickly abandoned their proposal when confronted with a powerful political and public backlash over the impact of the BTU tax on energy prices and the economy. The backlash was so severe that BTU became a verb and no politician wanted to be BTUed.

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