Climate at a Glance: Carbon Dioxide TaxBullet-Point Summary:
A “revenue neutral†carbon dioxide tax is devised to be revenue neutral for governmentonly,
•A “revenue neutral†carbon dioxide tax is notrevenue neutral forAmerican households.
•Nearly all advocates of a carbon dioxide tax seek to impose the tax in addition to other government restrictions on carbon dioxide, not in place of them.
•“Mainstream†carbon dioxide taxes of $50 per metric ton would raise gasoline prices44 cents per gallon.
•“Mainstream†carbon dioxide taxes of $50 per metric ton would raise natural gas and coal prices–which powe rnearly two-thirds of U.S. electricity–62% and 330%, respectively.
Short Summary:The purpose of a carbon dioxide tax is to make conventional energy so expensive that people will be coerced into buying wind and solar power, which is already very expensive. When that happens and people purchase expensive wind and solar power, no carbon dioxide taxes are collected, so no revenue is returned to the people.Our energy bills, and prices for goods and services throughout the economy, go much highe rwithout compensation from collected tax revenues. When that happens, the carbon dioxide tax is revenue neutral for government, but it inflicts substantial costs on American households.
Climate At A Glance is a Project of The Heartland Institute
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