Green Fiasco: 92% Of Swiss Voters Reject Carbon Tax In Referendum

A proposal replacing the main consumer tax with a new levy on non-renewable energy has suffered a blistering defeat in Sunday’s nationwide ballot. It scored one of the worst results in modern Swiss history.

The proposal by the Liberal Green Party won only 8% of the vote, according to final official results. Turnout reached a long-term average of 41.6%.

The small centrist party had hoped to fuel the political debate about the use of petroleum, gas, coal and uranium, but had little backing from other groups. Parliament, the government, the business community and the 26 cantons with their far-reaching fiscal autonomy had all come out against it .... http://www.thegwpf.com