Research & Commentary: After COVID-19 Pandemic, Even Less Justification for Worthless, Regressive Carbon-Dioxide Tax in Washington
March 25, 2021
By Tim Benson
Carbon-Dioxide Taxes Do Little To Reduce Emissions, Act As Regressive Tax
Legislation in the Washington Senate would set up a carbon-dioxide tax of $25 per-metric-ton on use and sale of most fossil fuels in the Evergreen State beginning in 2022.
The program established by the bill, indexed to increase with inflation, would raise taxes by at least $1.6 billion by 2023, and another $4.2 billion between 2023 and 2025.
Washington voters have signaled their opposition to a carbon-dioxide tax multiple times in the past half decade, most recently with their thorough rejection of Initiative 1631 (I-1631) in 2018.
https://www.heartland.org/publications-resources/publications/research--commentary-after-covid-19-pandemic-even-less-justification-for-worthless-regressive-carbon-dioxide-tax-in-washington
