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Carbon Taxes: Bad for the People, the Economy, Government Revenues (Guest: Jordan McGillis)

November 15, 2018

A new study commissioned by the Institute for Energy Research analyzed the economic impact of six separate versions of a carbon dioxide tax and found every one of them be bad for the people, the economy, government revenues.

Jordan McGillis discusses a study produced for the Institute for Energy Research of an economic analysis of six different possible versions of a tax on carbon dioxide. The study found none of the of the six versions of the tax considered would be revenue neutral or satisfy the requirements of the Paris Climate Agreement, but each of them  would reduce economic growth, impede infrastructure development, and limit the government's ability to meet fiscal obligations and operations. People would stripped of choice and made poorer for no environmental gain.

Article Tags
Climate Change
Author
H. Sterling Burnett, Ph.D. is a Heartland senior fellow on environmental policy and the managing editor of Environment & Climate News.
hsburnett@heartland.org