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Thursday, May 14, 2009

Carbon contest

Jeff Flake, one of the most libertarian-leaning Republicans in Congress, is pressing a good idea: "Republican lawmakers back carbon tax (yes, that's right)." It would involve cutting payroll taxes simultaneously.

Before long, we may be seeing a political confrontation between legislators who want to reduce carbon emissions as efficiently as possible with a carbon tax, and those who want to reward their political contributors as efficiently as possible with a cap-and-trade system.

1 comment:

CTF said...

I could not be more impressed by Congressman Flake and his support for a revenue-neutral carbon tax.