November 9, 2011

Embedding a Carbon Tax in Broader Tax Reform

Adele Morris, Brookings Institute

AP Photo
The potential role for a carbon tax in a broader tax reform package is timely and economically important.  This paper addresses two aspects of the issue: the economics and the politics. It makes good economic sense to embed a carbon tax in a broader tax reform package.  If you’re going to “go big” on deficit reduction, it makes sense to include a carbon tax, and likewise if you’re going to do serious climate policy, it makes sense to raise revenue for deficit reduction or to offset other taxes.  Despite the strong economic case, the political challenges to a carbon tax are many, and they aren’t just from anti-tax Republicans who don’t believe in the science of climate change. Some of...
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TAGGED: U.S. environmental policy, carbon emissions, economy, carbon tax, Brookings Institute


May 14, 2012
Are We Unfairly Penalizing Natural Gas?
Michael Greenstone, Brookings
Thank you Chairman Casey, Vice Chairman Brady, and members of the Committee for inviting me here today. My name is Michael Greenstone, and I am the Director of The Hamilton Project at the Brookings Institution. . . more ››
May 7, 2012
Hugging the Global Warming Monster
Bill Blakemore, ABC News
Sometimes, the right metaphor can save your life. “Hug the monster” is a metaphor taught by U.S. Air Force trainers to those headed into harm’s way. The monster is your fear in a sudden crisis — as when... more ››
Simple economics holds that if you want to promote mass adoption of something, you have to make it affordable and available. This week, the Obama administration is poised to slap potentially hefty tariffs on imports of Chinese... more ››
May 14, 2012
Looking at the Other Side of the Petrodollar Coin
Jim Stanford, Citizen
Ontario Premier Dalton McGuinty recently spoke publicly about the problems Canada’s oil-powered currency was causing for his province’s manufacturing industry. But his words were drowned out by pious outrage from petroleum... more ››
May 7, 2012
America's Lucky Break With Natural Gas
Jordan Weissmann, Atlantic
America's natural gas boom is, in part, a story about technology triumphing over geology, of companies that merged advanced drilling techniques to tap resources that not long ago seemed like economic dead ends. . . more ››