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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:
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.
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.
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.
