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  • carbon tax

    The Right Time for a Carbon Tax Is Never

    Once the electorate was made to realize that cap-and-trade bills (Lieberman-Warner, Waxman-Markey, etc.) were actually taxes on fossil energy, cap and trade became political poison. So it is surprising that an explicit tax on fossil energy is now being pushed in Washington. The hope among carbon-tax proponents is that they … More

    The Carbon-Tax-Swap Fantasy

    To its credit, the Obama Administration has yet to endorse a carbon tax. Such a tax is promised as the one-two punch that will put a significant dent in America’s fiscal crisis and the supposed impending doom from manmade global warming. This “market-based” approach will, supporters promise, bring new revenue … More

    Carbon Tax: Won't Reduce Deficit or Temperature

    The Congressional Research Service (CRS) released a report that should be a cause for concern to all who believe in limited government. In it, CRS argues that a new tax on carbon could cut the deficit in half. There is nothing special about a carbon tax in terms of raising … More

    In Australia's Misguided Carbon Tax, a Warning for the U.S.

    On Sunday, the government of Australia announced that it will implement a US$24.74 per-metric-ton tax on carbon emissions. The damage the tax is expected to do to the energy sector there, and to the Australian economy generally, offers insight into what the effects of a carbon tax could look like … More

    A $9 Million Villa for Al Gore, Sky-High Energy Costs for the Rest of Us

    From his sprawling new $9 million ocean-view villa in Montecito, California, with its high ceilings, wine cellar, terraces, six fireplaces, five bedrooms, nine bathrooms, pool and 6,500 square feet of living space, former Vice President Al Gore is asking a favor of the American people. He’d like you to tighten … More

    Tax Hikes Wrong Route to Take for Deficit Reduction Commission

    Earlier this year, after Congress passed an increase in the debt ceiling, was deliberating over a trillion plus health care package, and the President’s Budget promised new record deficits, the American people started to see a worrisome trend that pushed fiscal responsibility to the forefront of the public’s priorities.  President … More

    Au Revoir, Carbon Tax

    As the Obama administration makes it clear they want to pursue a carbon capping policy to reduce greenhouse gas emissions, the French government announced that it would abandon plans to impose a similar carbon tax on domestic energy and transportation fuels. The reason for the French government’s change of tune … More

    $7-A-Gallon Gas Needed to Meet Government’s CO2 Cuts

    As the national average of gasoline creeps to three dollars a gallon, economists are warning that high gas prices in the United States could slow the economic recovery. Other countries’ economies are recovering more quickly and increased production and activity is putting upward pressure on oil prices. That coupled with … More

    Cap and Trade: “It’s Out of Control”

    I’m not critical of cap-and-trade. But it has to be used in a targeted and disciplined way, and what has happened is it’s gotten out of control.” Those are the words of former Democratic Senator and current president of the United Nations Foundation Timothy Wirth, who also mentioned, “The Republicans … More

    A Carbon Tax Is An Economy Killer, Too

    In response to the Waxman-Markey cap and trade bill to reduce carbon dioxide and other greenhouse gas emissions, GOP lawmakers Bob Inglis of South Carolina and Jeff Flake of Arizona are set to introduce carbon tax legislation. A carbon tax is a direct, more predictable tax on carbon emissions, but … More