Some livestock groups panic over rumors of a tax on cow’s methane emissions

Hopefully this tax is not just a rumor-

Farmer’s Freak about Potential ‘Cow Tax’ on Cows’ Methane Emission. WWP blog.

Methane is 26 times as potent a greenhouse gas as carbon dioxide and cows belch and fart a tremendous amount of it. Feedlots could capture it, however, and turn it into much less polluting energy — natural gas is methane.

This is one of the good things about taxation. Properly placed taxes encourage good behavior. Because they work through the maketplace, heavy-handed government regulation is not needed. Any revenues raised from taxes set to encourge certain kinds of behavior can be used used to reduce traditional taxes like sales and income tax whose only purpose is to raise revenue.

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More on meat and methane . . .  As More Eat Meat, a Bid to Cut Emissions. New York Times. By ELISABETH ROSENTHAL.