After being pitched on this latest proposal, the Trump Administration should review the full impact of a carbon tax--it will see that the numbers don't add up
The Economics Don't Add Up For Latest Carbon Tax Pitch
A CNN article discusses the recent attempt by some establishment Republicans to pitch the Trump Administration on a massive carbon tax that would raise some $300 billion annually--making its gross tax hike (before considering possible rebates) triple the bite of the Affordable Care Act. Their plan calls for policymakers to pick climate targets and send checks to millions of households, and yet is described as "free market" and "conservative." In this post I'll explain why the economics don't add up.
