As The Hill reported last week, two House Republicans have introduced a resolution condemning the idea of a carbon tax. Such a tax on carbon dioxide emissions, say Majority Whip Steve Scalise and West Virginia Rep. David McKinley, would “be detrimental to American families and businesses, and is not in the best interest of the United States.” They’re right, but...
Recently, there has been a wave of cities (and companies) making pledges that they are “powered by 100% renewable energy.” Some states are getting in the game, too. Two years ago Hawaii pledged that its electricity would be entirely renewable by 2045. California's Governor Brown recently signed a bill setting the same goal, while moving...
Congress and state legislatures should not shackle prosperity with a carbon tax because it is based on flawed assumptions and results in costly economic and environmental effects. The key points are: A carbon tax is a government-set price on carbon dioxide emissions. An assumption for a carbon tax is the price paid for a final good does not reflect the supposed social cost...