Zero Carbon: A Taxing Question
October 20, 2020
According to the Tax Foundation, economists have long argued that a well-designed carbon tax is the most economically-efficient way to reduce carbon emissions. Estimates put the proceeds at nearly $2 trillion over a decade. However, a carbon tax could take on one of many forms.
Point of Taxation
Fuel production
Consumption
Different points in between
Use of Tax Revenue
Lump-sum payment to households
Cut in employee-side payroll taxes
Corporate tax reform
General government funds
Environmental spending
