Why so Many Economists Support Obama's Idea of a Tax on Oil
View on The Washington Post website"Alan Krupnick, an economist at the think tank Resources for the Future, said recently that Obama’s idea 'has long been championed by many of us at Resources for the Future, although we want the tax to be broad-based — that is, on oil, natural gas, and coal.' Krupnick added that to make the tax more politically palatable, it might be better to use it not for new spending but to reduce other taxes. “The country would gain doubly in efficiency if the tax were paired with reform of corporate taxation, including a reduction in the corporate income tax. And the political costs of rejecting such an approach out of hand could be high enough to at least give a pause to opponents.”
