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    Baucus Continues Losing Streak with Energy Tax Reform Draft

    Chairman of the Senate Finance Committee Max Baucus (D–MT) released a draft bill to reform the way the tax code treats energy. This latest draft reform plan misses the mark, just like his earlier efforts on international tax and depreciation did. Baucus claims that his plan would stop the tax … More

    Carbon Regulation: Time for America to Learn from Australia’s Mistake

    Australia’s new Prime Minister Tony Abbott, who won a landslide victory earlier this month, vowed to promptly scrap the nation’s tax on carbon emissions. He began to follow through at his first cabinet meeting. Also in line to be repealed are several commissions organized by the previous government to provide … More

    House Pushes Back Against White House Carbon Measures

    Before the House dismissed for August recess, it sent two important messages related to regulating (or not) carbon dioxide. The House decisively passed an amendment to the Regulations from the Executive in Need of Scrutiny (REINS) Act raised by Representative Steve Scalise (R–LA) that would require congressional approval for a … More

    Climate Change: What’s Happening?

    President Obama reiterated his Administration’s commitment to addressing climate change in his Galesburg speech today, calling carbon dioxide “dangerous carbon pollution.” But just how dangerous is it? A recent hearing before the Senate Environment and Public Works Committee called “Climate Change: It’s Happening Now” provided some detail, and several witnesses … More

    Australia’s Carbon Policy: Just Do Something

    At this time last year, the Australian government began collecting the world’s most expensive carbon tax. A year later, it seems unanimous among Australia’s two biggest parties that the tax has got to go. Prime Minister Kevin Rudd yesterday recommended replacing the tax with cap and trade. The change would … More

    Carbon Tax: Van Hollen's Latest Version

    Representative Chris Van Hollen (D–MD) is expected to soon introduce a new rendition of his cap-and-dividend carbon tax. Like earlier versions, Van Hollen’s bill would require carbon-dioxide-emitting industries (such as electric utilities) to buy emission permits. Some of the money raised would be divvied up to energy consumers to make … More

    Climate Change: Lessons Learned from Around the World

    If it ain’t broke, the government will break it for you. That seems to be the lesson to draw from other nations that have implemented climate change energy plans similar to the ones Obama recently proposed in his Climate Action Plan. Australia. Momentum for Australia’s carbon tax is waning as … More

    Climate Change: The Cost of “Bold Action”

    This week, President Obama stood in front of the Brandenburg Gate in Berlin and declared that “the effort to slow climate change requires bold action.” Some in Congress say we need to take such bold action now by taxing carbon dioxide. But according to a Heritage Foundation analysis of the … More

    Congressional Budget Office Looks at a Carbon Tax

    The Congressional Budget Office (CBO) recently released its report on the impact of a carbon tax. (Disclaimer: I provided comments to the CBO on a draft of the report, earlier this year.) The economic parts were pretty sensible and conclude that (be sure you are sitting down)—there are no free … More

    With Climate Change Science Unsettled, a Carbon Tax is Even More Useless

    Reuters’s environment correspondent Alister Doyle provides even more fodder for why a carbon (energy) tax or the Environmental Protection Agency’s (EPA) regulation of greenhouse gas emissions is economically and environmentally foolish. Doyle writes: Scientists are struggling to explain a slowdown in climate change that has exposed gaps in their understanding … More