An ad hoc committee will undertake a consensus study to identify the types of and specific tax provisions that have substantial effects on the emission rates of carbon dioxide and other greenhouse gases, and to the extent possible rank the magnitudes of those effects.

The committee will first determine the most appropriate analytical framework and methodology to use in examining the effects of the tax code on greenhouse gas emissions.  It will consider both provisions that may increase emission rates as well as those having the effect of lowering them over specific periods, and both direct (e.g., fuel-related provisions) and indirect measures (e.g., the home mortgage deduction and the investment tax credit).   Studying the tax code’s impact on GHG emissions the panel will necessarily focus heavily on energy, both the life cycles of different energy sources and their uses in different sectors such as electricity generation, transportation, industrial processes, and consumer uses (including in households).  The study may extend to areas beyond energy, such as agriculture, forestry, urban development, and other land uses which can have significant effects on GHG emissions.

( Note the above, that I have so politely underlined and so forth for you so you would be sure and see it properly, and without strain on your eyes. Because I know how much reading we all do.)

The study will not recommend particular new taxes or tax incentives nor changes in existing provisions of the tax code but will outline principles and criteria for formulating climate-sensitive tax policy in the future.  It may evaluate the efficiency and effectiveness of different tax measures in reducing GHG emissions relative to other policy instruments.

The project is sponsored by the U.S. Department of Treasury
The approximate start date for the project is September 1, 2010. A report will be issued at the end of the project in approximately 24 months. Note (10-31-2012): the project duration has been extended. The report is expected to be delivered in spring 2013.”

To read entire page go here:  http://www8.nationalacademies.org/cp/projectview.aspx?key=49358

Is this date some kind of scare tactic from them to us? Boo! (10-31-12), your taxes are going up because guess what you farted and caused greenhouse gases!

Then oops can't do that just before elections, (11-6-12) we need to move that forward to spring time just tell them anything. By then they won't remember anything about it.

Ahh, spring time lets go on break, (3-12) drive to the coast and take a dip in the contaminated gulf waters. Whats that???....I have to pay for driving any where?? More taxes for keeping warm, cooking, taking a shower!!!!!!!! D*mn I can't afford to go on vacation I have to pay my carbon tax for being ALIVE before they come and kill me!!!!!!!!!!!!!!!