Tag: ‘carbon tax’

Dreaming Impossible Dreams

By :: October 19th, 2015

The House may have a bipartisan transportation bill. The measure would authorize highway spending for another six years. But while it sets $325 billion in infrastructure spending over six years, it guarantees only the first three years of funding. The last three years? Congress would have to “unlock” funding  after it identifies offsets. In other words, […]

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How A Carbon Tax Could Have Prevented The Volkswagen Diesel Scandal

By :: October 13th, 2015

If anyone needed another example of why a carbon tax is a good idea, look no further than Volkswagen’s diesel scandal. The automaker’s efforts to game the current system are a case study in what’s wrong with government attempts to reduce pollution with regulation and tax subsidies, rather than through a relatively straight-forward tax on […]

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Could a Carbon Tax Prevent The Catastrophic Consequences of Climate Change That Obama Fears?

By :: September 1st, 2015

In recent days, President Obama has painted the risks of climate change in apocalyptic terms.  Speaking in Anchorage, AK on Monday, Obama warned that without quick action to slow or reverse global warming, “entire nations will find themselves under severe, severe problems: More drought. More floods. Rising sea levels. Greater migration. More refugees. More scarcity. […]

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Everything You Should Know about Taxing Carbon

By :: June 25th, 2015

Climate change is hot. From the pope’s encyclical to the upcoming United Nations conference in Paris, leaders are debating how to slow and eventually stop the warming of our planet. We economists think we have an answer: put a price on carbon dioxide and the other gases driving climate change. When emissions are free, businesses, […]

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“We’re [still] on a road to nowhere.”

By :: June 12th, 2015

What might happen to federal highway funding? Clues next week? Both tax-writing committees will hold hearings on long-term funding for the Highway Trust Fund. The House Ways & Means Committee will hold its hearing on Wednesday. The Finance panel will meet on Thursday. The Fund currently relies on the 18-cents-per-gallon federal gasoline tax but spending […]

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What’s Up With the No Climate Tax Pledge?

By :: June 2nd, 2015

Do you know about the No Climate Tax pledge? I didn’t until I read a column over the weekend by the Washington Post’s always-interesting Catherine Rampell. The vow is sponsored by Americans for Prosperity, a conservative political advocacy group closely associated with the Koch brothers. And it was something of a big deal a couple […]

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Could a Carbon Tax Finance Corporate Rate Cuts?

By :: April 23rd, 2015

How about using revenue from a carbon tax to help pay for corporate tax rate cuts? That’s the idea proposed yesterday by Rep. John Delaney (D-MD). His political calculation: Democrats would back the bill as a way to reduce carbon emissions and slow climate change. Republicans would support the plan to cut corporate tax rates […]

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On Some States of Business Taxation and a US Carbon Tax Swap

By :: April 23rd, 2015

In Nevada, the GOP governor’s $1 billion business tax hike wins support. The state senate passed Governor Brian Sandoval’s plan to shift the state’s flat $200 business license fee to a version of a gross receipts tax. According to the measure, which would raise nearly $1 billion over 2 years, the state’s largest firms would […]

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All's Fair in Love and Taxes... Or Not.

By :: January 8th, 2015

Et tu, Utah? GOP leaders want to increase the state’s gasoline tax. The state faces an $11 billion budget gap for transportation projects slated through 2040. Its House GOP caucus has endorsed an increase of as much as 10 cents a gallon in the state’s gasoline tax. They’re even willing to tie the tax to […]

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Cap and Trade Plans, Tax Deadlines, and Rate Drops

By :: January 5th, 2015

Washington Governor Jay Inslee proposes a statewide cap and trade program. The Democrat released details of his carbon pollution market program that would give the state’s Department of Ecology authority to set annual goals aimed at reducing emissions to half of 1990 levels. Inslee would extend the state’s sales tax exemption for alternative fuel vehicles, […]

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