EU weighs carbon tax on home heating and petrol to fill budget gaps

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EU weighs carbon tax on home heating and petrol to fill budget gaps

Commission officials suggest using some revenues raised by unpopular levy due in 2027 to meet bloc’s wider needs

The EU has a budget hole? No problem: tax on gasoline and heating for everyone. Like any Italian government. - Economic Scenarios

Brussels, the ingenious solution to plug the holes in its budget is not very different from that of any Italian government short of ideas: putting its hands in citizens' pockets through excise duties on fuel. A new carbon tax, planned for gasoline and home heating, could be diverted to finance European Union spending, sparking a predictable and very bitter controversy, the Financial Times reported. The European Union, short of funds, is consider…