Sunday, October 24, 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

German Energy Prices “Going Through The Roof”, Supply Tightens As Leaders Botch Energy Policy

Electricity prices for industry have tripled, and household electricity will rise from 31 euro-cent/kWh to around 40 euro cent/kwh. Well over half of the...

Hubble Snapshot of ‘Molten Ring’ Galaxy Prompts New Research

In this particular snapshot, a science discovery followed the release of a Hubble observation of a striking example of a deep-space optical phenomenon dubbed...

The Lancet Makes False Climate Change Death Claims, Media Swallows Them

Neither illnesses nor deaths related to climate change are increasing. Shame on The Lancet and the mainstream media for lying about this.