Pipeline Bill Follows TSCA to West Wing
View on Bloomberg Government website"Resources for the Future analyzed how best to impose a carbon tax and found that using the revenues from a carbon tax (initially set at $45 a ton) to reduce corporate income tax rates, 'significantly reduces the cost of the policy compared to rebating of the revenues to households.' The welfare cost of that approach is below the social-cost of carbon, and so would 'pass a cost–benefit test by a significant margin,' its researchers concluded."
