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    Carbon Tax: Still a Bad Idea

    An anti-carbon tax amendment will likely be considered as the Senate attempts to pass its first budget in four years. While it has been made quite clear that passing a carbon tax would fail in both chambers of Congress, it is important to stress why enacting a carbon tax would … More

    Carbon Tax: Australia’s Experience Is a Chance for the U.S. to Get It Right

    “This is the most effective and efficient way to drive innovation to find better, less-polluting ways of producing power, goods and services,” Australian Treasurer Wayne Swan said at the passage of Australia’s carbon tax in July 2012. One wonders if he would say the same today—or, perhaps more importantly, if … More

    Carbon Tax: House Republicans and Policy Groups Join Forces

    House Republicans and various policy groups gathered on Capitol Hill this week to oppose a tax on carbon. “This is not a carbon tax,” said Grover Norquist, president of Americans for Tax Reform. “Carbon doesn’t pay taxes. People pay taxes. This is a tax on the American people.” A carbon … More

    Morning Bell: Obama's Second Inaugural Address, Translated

    Members of Congress—who are about to debate raising the debt ceiling tomorrow—should have paid attention yesterday. The President was very clear that he sees no urgency about reducing the debt and cutting the deficit. In fact, in his second inaugural address, President Barack Obama was honest about his intentions to … More

    Morning Bell: Stop Meeting with the U.N. on Climate Change

    Two days ago, the 18th United Nations conference on climate change wrapped up. As they did at the previous 17 conferences, developing nations demanded that the United States and other developed countries pay them for the climate’s effects. In short, the joke’s on us. And these U.N. conferences are becoming … More

    Carbon Tax: NRDC Serves Up Stale Leftovers

    An old cartoon showed a customer sampling from a jar whose label is emblazoned with the words “New and Improved.” The customer asks what has changed and is told the company changed the label so that it now says “New and Improved.” This seems to be the idea behind the … More

    Carbon Tax a Recipe for Economic Disaster

    Hopefully, one half-baked idea will be off the fiscal cliff negotiating table: a carbon tax. While it seems that both Democrats and Republicans are becoming more creative in ways to raise revenue (rather than directly address the underlying problems of the fiscal cliff), two proposed bipartisan resolutions would publicly and … More

    Prevention of Airline Carbon Taxes Should Be a Model for Carbon Regulations

    President Obama recently signed legislation that prevents the European Union (EU) from taxing U.S. airline emissions for planes that travel to and from EU countries. Although the EU announced it would delay the tax from its broader cap-and-trade-like system for a year, the new law protects U.S. airlines from the … More

    U.S. Carbon Tax to Shovel Dollars to U.N. Bureaucrats?

    It appears there will be an international dining section for hogs at the carbon-tax trough. Any new tax that promises hundreds of billions of dollars per year, as a carbon tax does, would bring out the special-interest hogs, and one of the interests likely to be fed by any federal … More

    Morning Bell: 4 Reasons Warren Buffett Is Wrong on Tax Hikes

    Let’s talk taxes. In a New York Times op-ed yesterday, famed investor and Berkshire Hathaway CEO Warren Buffett once again argued that the wealthy should be taxed more. This isn’t the first time Buffett has made the case for higher taxes, and it’s not the first time he’s been wrong. … More