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Carbon Tax
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A carbon tax is a tax levied on the carbon content of fuels. It is a form of carbon pricing.
Agree:
Greg Mankiw Harvard professor in economics
People don't want to think about climate change every time they do every decision. They can't. What a carbon tax does is it nudges them in the direction of doing the right thing. But you can cut other taxes in response.
Paul Krugman Economist (nobel laureate) and NY Times columnist
Emissions taxes are the Economics 101 solution to pollution problems; every economist I know would start cheering wildly if Congress voted in a clean, across-the-board carbon tax.
Jefferey Sachs American economist
Each region of the world should introduce a tax on CO2 emissions that starts low today and increases gradually and predictably in the future
Erik Brynjolfsson Professor at MIT
If we're willing to send half a million fellow citizens into battle, to protect oil supplies and our economic way of life, we should be no less willing to make the small sacrifice of paying more for gasoline. A revenue-neutral plan that reduced Social Security taxes by $1 billion for every penny a gallon of gas tax would leave the working poor and middle class better off than before. In the long t... See More
Robert H. Frank University of California, Berkeley, Georgia Institute of Technology
Reducing CO2 emissions would actually be surprisingly easy. The most effective remedy would be a carbon tax, which would raise the after-tax price of goods in rough proportion to the size of their carbon footprint.
Ted Gayer Vice President and Director of the Economic Studies program and Joseph A. Pechman Senior Fello
A carbon tax, in which the revenues are used to off set economically harmful taxes or to pay down our deficit, would substantially low er the cost of climate policy compared to a cap-and-trade program that gives away allowances for free.
Bruce Bartlett
Trump infrastructure and tax plans should include flood control and a carbon tax.
Gary Becker
We should seek out the many forms of subsidy that run through the entire energy enterprise and eliminate them. In their place we propose a measure that could go a long way toward leveling the playing field: a revenue-neutral tax on carbon, a major pollutant.
Herman Daly
a stiff severance tax on carbon, levied at the well head, mine mouth, or port of entry, would go a long way by both reducing carbon use and giving an incentive for developing alternative carbon-free technologies.
Art Laffer American economist who first gained prominence during the Reagan administration as a member of
A carbon tax would attach the national security and environmental costs to carbon-based fuels like oil, causing the market to recognize the price of these negative externalities.
WiIlliam Nordhaus Professor of economics at Yale University
Actually from an economic point of view, it's a pretty simple problem
Richard Posner
Stiff taxes will put pressure on the energy industry to achieve technological breakthroughs (such as sequestration of carbon dioxide) that will greatly reduce the use of fossil fuels.
Irwin Stelzer Economist, journalist for Sunday Times (London), consultant
No need to compromise on the one solution that almost every economist agrees would be a prudential, efficient way to reduce emissions—a carbon tax.
Alex Tabarrok
Two hard ideas that the public must accept if we are to move to a cleaner energy future: nuclear power and carbon taxes.
Martin Feldstein Economics Professor @ Harvard University & President Emeritus, National Bureau of Economic Res
Two-thirds of American households will receive more in carbon dividends than they will pay directly in carbon taxes.
Richard N. Cooper American economist, policy adviser, and academic
Levying a charge on CO2 raises the price of CO2-emitting activities,including fossil fuel use, and thus is the most direct method of influencing consumer and industrial behavior on a world-wide scale.
Andrew Samwick Professor of Economics at Dartmouth College and the director of the Nelson A. Rockefell Center
Scrap CAFE, set a higher gas tax, and return the aggregate revenues from that gas tax through lower income taxes in a progressive fashion.
Nouriel Roubini Professor at Stern School, NYU, Chairman of Roubini Macro Associates, blog at https://t.co/sby
It Is High Time for a Carbon Tax
Richard Thaler Professor of Behavioral Science and Economics, faculty director
Consider a recent poll of a panel of economists conducted by the University of Chicago Booth School of Business, where I teach… [Forty-one] economists in [a poll conducted by the] University of Chicago … were asked whether they agreed with this statement: ‘A tax on the carbon content of fuels would be a less expensive way to reduce carbon-dioxide emissions than would a collection of policies such ... See More
Hal Varian Chief Economist at Google
...there are several good reasons that increasing the gasoline tax in the United States makes economic sense
William Gale Father of 2, SO of @economistmom, Economist @BrookingsInst, @BrookingsEcon, @Taxpolicycenter,
The basic rationale for a carbon tax is that it makes good economic sense: unlike most taxes, carbon taxation can correct a market failure and make the economy more efficient.
Robert Reich American political economist
The single most important thing we can do -- the single solution -- is to put a price on carbon.
George Shultz American economist, statesman, and businessman
There has to be a way to level the playing field and cause those forms of energy to bear their true costs. That means putting a price on carbon.
Alan Blinder Economist
The 'bang for the buck' from a phased-in CO2 levy would be infinite at first—lots of jobs at zero cost to the federal budget.
Robert Shapiro Chairman of economic advisory firm Sonecon, IMF advisor, former U.S. Under Secretary of Commer
The risks of climate change continue to grow. Global, harmonized net carbon taxes could contain those risk s in an economically-efficient and politically-feasible way.
Laura Tyson American business academic
Economists across the political spectrum agree that a carbon tax is the most effective way to discourage carbon consumption and lower the risks of catastrophic climate changes.
