The Back-door Btu Tax
Abstract
Many people in the “traditional” energy industries (especially rep-
resentatives in Washington) relish the recollection of the stinging defeat
in 1993 of the hated Clinton-Gore “Btu Tax.”
However, some of these same people seem to have forgotten that
political leaders who are committed to a particular point of view do not
give up when their ideas are defeated. Instead, they wait for a new
opportunity. That is exactly what has happened with the Btu tax.
The term “Back-door Btu tax,” was selected because the Btu tax is
back—less ambitious, well-disguised, and sneaking in through the back
door.