Seattle Green Groups Say Revenue-Neutral Carbon Tax Is A Joke
Cap and trade, carbon dioxide, carbon tax, climate change
By Institute for Energy Research —— Bio and Archives--August 11, 2015
Global Warming-Energy-Environment | Comments | Back To Full Article
A recent story from Seattle showcases the absurdity of the attempt by a few vocal intellectuals to convince U.S. conservatives that a revenue-neutral carbon tax is on the table. Academic economists can continue to discuss the wonders of a large carbon tax in which all revenues are used to reduce corporate tax rates—though even in theory, this is a knife-edge result, as I’ve explained before—but in the real world, an American carbon tax will go down as a huge net tax increase.
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