Saturday, June 19, 2021
Home Middle Column Bloomberg News editors explain: 'How to Sell a Carbon Tax' - 'Here's...

Bloomberg News editors explain: ‘How to Sell a Carbon Tax’ – ‘Here’s how to frame it: Dedicate all the revenue, not just some, to cutting other taxes’

-

That would be enough to send every U.S. resident a check for about $300 in the first year (with bigger checks to follow) or $1,200 for a family of four. It would be more than enough to cut the corporate tax rate to 28 percent from 35 percent, for instance, or take a bite out of payroll taxes, or some of both.

This would inevitably lead to an argument over which taxes to cut. At which point, admittedly, the debate could bog down all over again. But at least it would be framed by a shared assumption: that a carbon tax is good policy. It gets liberals a more effective climate policy, and Republicans a less intrusive government.

- Advertisment -

Related Articles

Claim: An acceleration of coastal overtopping around the world

[editor’s note. It’s really hard to take this press release seriously if they consider the Katrina flooding an indicator of sea level rise. Unmaintained...

World Report Card: The Inexorable March Toward Zero Carbon Emissions (Not!)

As we all know, the most important task currently facing the world is the elimination of carbon emissions from energy consumption in order to...

Greta’s Movement Is Imploding

It appears School Strike 4 Climate has hit a crossroads. A New Zealand chapter recently shut itself down to to it being an overwhelmingly...