Comments on: The Carbon Tax Is a Flat Tax http://www.rasmusen.org/x/2007/03/02/the-carbon-tax-is-a-flat-tax/ Fri, 21 Nov 2008 18:50:15 +0000 http://wordpress.org/?v=2.2.2 By: James Handley http://www.rasmusen.org/x/2007/03/02/the-carbon-tax-is-a-flat-tax/#comment-228545 James Handley Tue, 15 Apr 2008 05:01:37 +0000 http://www.rasmusen.org/x/2007/03/02/the-carbon-tax-is-a-flat-tax/#comment-228545 I've written an article that addresses this at www.carbontax.org. Economist Ken Green at AEI concluded that a carbon tax replacing "distortionary" taxes like payroll taxes would be a "no regrets" policy for the economy even if global warming was not a serious problem. (His paper, "Climate Change: Caps vs. Taxes" is on AEI's website). The Congressional Budget Office concluded that a carbon tax would be FIVE times more effective at reducing GHG emissions than a fixed cap. (See "Policy Options for Reducing CO2 Emissions" on the CBO.gov site.) I’ve written an article that addresses this at www.carbontax.org.

Economist Ken Green at AEI concluded that a carbon tax replacing “distortionary” taxes like payroll taxes would be a “no regrets” policy for the economy even if global warming was not a serious problem. (His paper, “Climate Change: Caps vs. Taxes” is on AEI’s website).

The Congressional Budget Office concluded that a carbon tax would be FIVE times more effective at reducing GHG emissions than a fixed cap. (See “Policy Options for Reducing CO2 Emissions” on the CBO.gov site.)

]]> By: CPA http://www.rasmusen.org/x/2007/03/02/the-carbon-tax-is-a-flat-tax/#comment-217964 CPA Mon, 05 Mar 2007 18:55:29 +0000 http://www.rasmusen.org/x/2007/03/02/the-carbon-tax-is-a-flat-tax/#comment-217964 The effects of a carbon tax are very interesting. First of all, I am not at all sure that a carbon would be offset by a reduction in the income tax. Obviously that would depend on the overall political profile of the congress creating the tax. Secondly the impact of a carbon tax would probably be regressive, but also it would hit the rural and suburban (who drive more) much more than the urban. The effects of a carbon tax are very interesting. First of all, I am not at all sure that a carbon would be offset by a reduction in the income tax. Obviously that would depend on the overall political profile of the congress creating the tax. Secondly the impact of a carbon tax would probably be regressive, but also it would hit the rural and suburban (who drive more) much more than the urban.

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