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
Bruce Bartlett
Trump infrastructure and tax plans should include flood control and a carbon tax.
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.
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.
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.
