Grist Confirms IER Warnings on Carbon Tax Swap Deal
Conservatives who think a new carbon tax would have its revenues devoted one-to-one to reducing personal income taxes aren’t seriously thinking through the politics of the situation
By Institute for Energy Research —— Bio and Archives--December 3, 2012
Global Warming-Energy-Environment | Comments | Back To Full Article
The Institute for Energy Research (IER) recently released my study on the dangers of a carbon “tax swap” deal. This is the idea, championed even by many conservatives, that a new carbon tax might be economically efficient so long as it is coupled with reductions in other taxes. In my study, I pointed out numerous theoretical and practical flaws with such a naïve recommendation. It’s refreshing to see that a recent Grist blog post confirms my warnings.
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