Of all the slogans surrounding Sundays big climate march, the most important just might be the most wonky: Tax Carbon Now. Charles Komanoff of the Carbon Tax Center explains, Even a perfectly tailored subsidies [and regulations] regime wouldn’t deliver half as much carbon reduction as an equivalently priced carbon tax... The Managed Carbon Price Act written by Jim McDermott (D-WA), would cut total U.S. carbon emissions by 30 percent by its tenth year ― a pace seven times faster than the White House’s regulatory plan... And it would return every dollar of tax revenues to individuals as pro rata dividends, thus placating conservatives and other fiscal hawks who profess to want to contain government spending, while buffering an estimated two-thirds of U.S. households, including most low-income families, from the energy price increases the tax would entail...
Posted on: Thu, 18 Sep 2014 15:49:24 +0000
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