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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.
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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.
Barack Obama Former President of United States of America
I have long believed that the most elegant way to drive innovation and to reduce carbon emissions is to put a price on it
Bill Gates Philanthropist. Founder and former CEO of Microsoft.
The push is the R&D, the pull is the carbon tax. Yes, the government will be somewhat inept, but the private sector is in general inept. How many companies do venture capitalists invest in that go poorly? By far most of them.
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
Ted Halstead Author, public speaker and social entrepreneur
It is pro growth, pro competition, pro jobs, deregulatory, and it will help the working-class voters that Trump promised to help.
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.
William Baldwin
Chuck out all energy legislation, replacing it with a one-sentence statute that levies a tax on carbon emissions.
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.
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.
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
Lawrence Summers Economist and Harvard University Professor
But there should be no doubt that starting from the current zero tax rate on carbon, increased taxation would be desirable
