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Politics : Formerly About Advanced Micro Devices
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Winfastorlose
To: Brumar89 who wrote (1333579)12/12/2021 9:19:06 PM
From: locogringo1 Recommendation   of 1572154
 
THANKS Biden, you worthless POS

Biden's New "Regressive" Methane Tax Will
Raise Average American's Gas Bill By 17%: Op-Ed

Original Article

At a time when the Biden administration is panicking in an attempt to keep energy prices down, the House has slapped a "fee" on methane that is being called a "stealth tax" on natural gas and everyone who uses it. The House bill results in an "escalating tax on methane emissions by oil and gas producers," a new op-ed in the Wall Street Journal points out. The tax will hit $1,500 per ton by 2025 and the fee is supposed to be a contribution to recent promises made in Glasgow to curb methane emissions. The cost of the fee will obviously get passed along to the consumer, which will then result in even higher energy prices than consumers are already struggling with. 180 million Americans use natural gas to hear their homes, the report says.

In the meantime, the Energy Information Administration (EIA) has come out and stated that half of U.S. households that heat with natural gas will pay 30% more than winter than they did last year. This methane tax could add another 17% to an average bill, the WSJ editorial board writes.
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