Wednesday, November 3, 2010

Is the Carbon Tax a Solution to Government Deficits

Sound familiar?

I'm a strong supporter of carbon taxes (and no I'm not a hippie). The carbon tax policy is supported by economists across the political spectrum. Donald Marron held various appointments in the Bush administration. The idea is simple, tax items that impose an added cost to society and use the revenue to reduce personal income taxes and pay down the government debt.

Which country places the highest price on pollution? The surprise is the country that is number 2.  This suggests the U.S. can increase carbon prices and still be competitive on global markets.

1 comment:

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