Why the Carbon Tax Would Backfire on America | The Heritage Foundation

Why the Carbon Tax Would Backfire on America | The Heritage Foundation:

Several members of Congress have floated different carbon tax bills in recent days, some of which have both Democratic and Republican sponsorship. But marginal bipartisan support for enacting a new tax on American families and businesses doesn’t make it good policy.  Different models and prices have been proposed, but they all tax activities that emit carbon dioxide on the premise that emissions are responsible for global warming, a cost to society which otherwise isn’t accounted for. They propose to address this “market failure” with a policy that could well lead to economic failure.