Robert Samuelson: Two Cheers for a Carbon Tax
View on Telegram website"Under their proposal, the tax would initially be $40 for each emitted ton of carbon dioxide. This corresponds to about 36 cents on a gallon of gasoline and a 5 to 10 percent increase in retail electricity rates, says economist Marc Hafstead of Resources for the Future, a nonpartisan think tank. The tax would increase annually by the rate of price inflation plus two percentage points. (If inflation were 2 percent, the tax would rise by 4 percent.)"
"Studies by Hafstead and others suggest that this sort of carbon tax could reduce U.S. emissions by 26 to 28 percent below 2005 levels."
