Last updated on: 7/23/2020 12:40:23 PM PST
Should the US Enforce a Carbon Tax?
According to the Tax Policy Center, "Emissions of carbon dioxide and other greenhouse gases are changing the climate. A carbon tax puts a price on those emissions, encouraging people, businesses, and governments to produce less of them. A carbon tax’s burden would fall most heavily on energy-intensive industries and lower-income households. Policymakers could use the resulting revenue to offset those impacts, lower individual and corporate taxes, reduce the budget deficit, invest in clean energy and climate adaptation, or for other uses."
Source: Tax Policy Center, "What Is a Carbon Tax?," taxpolicycenter.org , May 2020
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