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.”
FredHayek wrote: Doesn't Congress have to approve new taxes? And the Senate would have to approve new international treaties.
LadyJazzer wrote: Yep...
Nothing to see here, folks... Move along... Just more "U.N."-outrage-of-the-day b.s.
Noting to see... sure...
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. "We have learned that while many have discounted this conference, knowing that a full climate treaty is difficult to achieve especially with a U.S. Senate that will not vote to ratify," CFACT says. "Obama and his fellow climate travelers are working around the Senate and planning to stick America with the bill."
