One of the more intriguing ideas in the energy bill that the House passed over the weekend was that of doing a "carbon audit" of the U.S. Tax Code. Exactly how Congress proposes to conduct such an audit is another matter.

The proposal came from Rep. Earl Blumenauer, D-Ore. A member of the House Ways and Means Committee, Rep. Blumenauer wants the National Academy of Sciences to do the carbon audit "to identify those tax provisions and policies that have the greatest influence on the generation of carbon emissions and other greenhouse gases and to estimate the magnitude of those effects," according to his Web site.

Register or login for access to this item and much more

All Accounting Today content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access