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Economic Outcomes of a U.S. Carbon Tax

February 26, 2013
By Anne E. Smith, Ph.D., David Harrison, Ph.D., Paul Bernstein, Ph.D., Scott J. Bloomberg, Will Gans, Ph.D., Noah Kaufman, Ph.D., Sebastian Mankowski, W. David Montgomery, Ph.D., Sugandha D. Tuladhar, Ph.D., Mei Yuan, Ph.D.

This report evaluates the potential impacts on the U.S. economy from possible future carbon taxes whose revenues would be devoted to a combination of debt and tax rate reduction.

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This report evaluates the potential impacts on the U.S. economy from possible future carbon taxes whose revenues would be devoted to a combination of debt and tax rate reduction. The results take into account the varied economic effects of fossil fuel cost increases due to a carbon tax as well as the positive economic effects of the assumption that carbon tax revenues would be used to reduce government debt and Federal taxes.