Friday, July 22, 2011

Why Not Use a Carbon Tax to Cut Deficits?

link here to article

The Economist raises the rhetorical question of why a carbon tax is not included in the mix of options being discussed in the US. Brad DeLong knows why the GOP does not want to use the carbon tax to reduce the budget deficit. After all, they use the deficit problem as a way to cut government spending in order to pay for tax cuts. The question is why it has not been put on the table by the democrats. I guess the answer is that they won't propose anything that the GOP will not support.

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