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rejected proposal was watered down, as the
Clinton administration tried to salvage their efforts by offering to exempt manufacturers and base the tax on the cost rather than the heat content of energy. Many of the House Democrats who voted for the tax and who lost their seats in the 1994 midterm election, blamed their loss on their vote for the BTU tax. Getting "BTU'd" became Beltway slang at the time for those who lost reelection by voting for the controversial proposal.
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tax. A BTU tax is a type of energy tax. The tax would have taxed all fuel sources based on their heat content except for wind, solar, and geothermal. It was never adopted. The BTU tax passed the House, but was rejected by the Senate in light of the lobbying effort mobilized against its adoption. The
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Tax. That marks the first time in the nation that a municipal government has imposed an energy tax directly upon its residents to combat global warming. It applies to energy consumption with deductions for carbon-neutral and renewable energy sources (such as
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reduction in the 1990s, as well as environmental benefits, i.e., reduced pollution. A weakness of energy taxes is that they impose a burden (or cost) in the form of reduced economic output and employment.
253:, Annex I Expert Group on the United Nations Framework Convention on Climate Change, Working Paper No. 4, Organisation for Economic Co-operation and Development, OECD website, p. 14
196:
Climate Change 1995: Economic and Social
Dimensions of Climate Change. Contribution of Working Group III to the Second Assessment Report of the Intergovernmental Panel on Climate Change
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271:
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The CAP tax is to generate roughly $ 1 million annually. The City
Council has the authority to increase the rates as needed. As of October 2009, the rate is assigned as follows:
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The tax appears on consumer's energy bills and is used to fund the city’s Office of
Environmental Affairs that is in charge of programs designed to reduce Boulder's
192:
Fisher, B.S.; et al. (1996). "An
Economic Assessment of Policy Instruments for Combating Climate Change.". In J.P. Bruce; et al. (eds.).
205:
324:
227:, Papers on Policy Analysis and Assessment, vol. 94/9, International Monetary Fund, Fiscal Affairs Department, pp. 1, 19
66:(a city with roughly 100,000 residents situated in the foothills of the Rocky Mountains) voted in favor of initiative 202, the
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200:. Cambridge University Press, Cambridge, U.K., and New York, N.Y., U.S.A. p. 416.
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25:
28:. Arguments in favour of energy taxes have included the pursuit of
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Economic/Fiscal
Instruments: Taxation (i.e., Carbon/Energy)
323:. City of Boulder, Colorado. 2009-10-15. Archived from
272:"MISCALCULATIONS, LOBBY EFFORT DOOMED BTU TAX PLAN"
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224:Energy Taxes and Macroeconomic Policy Objectives
8:
87:
184:
7:
270:Hilzenrath, David S. (1993-06-11).
14:
297:"Getting Real on Climate Change"
62:On 7 November 2006, citizens of
221:Nellor, D.C.L. (16 May 1994),
1:
295:Nordhaus, Ted (2008-11-22).
24:that increases the price of
169:Fuel economy in automobiles
68:Boulder Climate Action Plan
372:
321:"Climate Action Plan Tax"
164:Energy Policy Act of 2005
45:In 1993, then President
143:Carbon fee and dividend
91:Electricity User Type
301:The American Prospect
97:Average Annual Tax
244:Baron, R. (1997),
32:objectives, e.g.,
356:Environmental tax
207:978-0-521-56854-8
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64:Boulder, Colorado
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80:carbon footprint
75:’s WindSource).
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158:Energy Tax Act
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34:fiscal deficit
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127:$ 0.0003/kWh
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116:$ 0.0009/kWh
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105:$ 0.0049/kWh
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41:United States
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30:macroeconomic
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329:. Retrieved
325:the original
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304:. Retrieved
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229:, retrieved
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102:Residential
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47:Bill Clinton
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17:
15:
124:Industrial
113:Commercial
73:Xcel Energy
49:proposed a
345:Categories
331:2010-01-28
306:2024-07-31
281:2024-07-31
257:2010-04-22
231:2010-04-23
180:References
148:Carbon tax
18:energy tax
174:H.R. 1424
94:Tax Rate
137:See also
130:$ 9,600
58:Colorado
160:of 1978
204:
153:Ecotax
26:energy
251:(PDF)
119:$ 94
108:$ 21
20:is a
202:ISBN
51:BTU
22:tax
16:An
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