According to a new article by the Wall Street Journal online magazine, President Obama is planning to cap the emissions of greenhouse gases, forcing companies that pollute to purchase permits for emissions. These levels would be slowly brought down to 14% below the 2005 levels by 2020 and 83% below the 2005 levels by 2050. The sale of those permits, beginning in 2012, would reap $646 billion through 2019. Of those revenues, $525.7 billion would be devoted to extending Mr. Obama’s signature “Making Work Pay” $800 tax credit for working couples. Another $120 billion would go to clean energy technology.

It will be interesting to see how much this proposal gets watered down in committee, but it is certainly an aggressive proposal by this new president.

Hopefully it will all be finalized by Earth Day.
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Robert Piller, experienced in green marketing campaigns and environmentally-friendly promotional products. His web site includes a comprehensive eco-friendly advertising specialty search, featuring over 250,000 eco promotional items in all price ranges, for any company interested in going green. The site’s handy search tool helps you easily find recyclable, biodegradable, organic or recycled imprinted promotional items in your price range and time frame. View the Go Green website at EcoMarketingSolutions.com and comment on his blog postings at GreenSpotBlog.com.