Carbon Pricing in a Fiscal Context. Center for American Progress. Greg Dotson and Ben Bovarnick. June 29, 2016.
Opponents of carbon pricing argue that any requirement on businesses to pay for their pollution will destroy the economy. In order to begin to deconstruct this hyperbolic argument, this issue brief examines carbon pricing within the context of the nation’s budgetary situation. In fact, if the federal government were to collect a carbon tax of $25 per ton of carbon dioxide emitted, that revenue would amount to less than 3 percent of the current budget. [Note: contains copyrighted material].
[PDF format, 7 pages, 276.39 KB].