Carbon Tax: The Debate Continues

Given: that a carbon tax would give liberals, Democrats, activists, and environmentalists an effective climate policy. Given #2: that a carbon tax could give conservatives, Republicans, Tea Partiers, and libertarians a less intrusive government. Now, let the debate begin . . . . A Bloomberg Businessweek editorial makes the provocative case that a carbon tax is the best energy policy for all sides of the argument. It’s not a “tax” if the revenue benefits are diverted into rebate checks for individuals or into cuts in the corporate tax rate. And many economists agree that a carbon tax is the most effective way to reduce emissions because it lets market forces determine the easiest and cheapest way to cut emissions. The sensible “debate” in this editorial might shake loose assumptions that have resulted only in ineffectual policy across clashing ideological positions.

John Howell, Editorial Director