Carbon Tax Could Be Net Benefit to U.S. Business, Consumers
May 30, 2014
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A carbon tax should make energy and goods more expensive, but Adele Morris, economist and fellow at the Brookings Institution, is the author of a recent report that finds that a well-implemented tax could be a net benefit to U.S. businesses and consumers. In an interview with TheStreet, she notes the key to the success of such a tax would be in how the revenue is used. Exxon Mobil is one of the oil companies that has recently come out in favor of a carbon tax and Morris sees that support growing as the threat of restrictions on emissions becomes more real. The contentious implementation of a carbon tax in Australia, Morris says, is a perfect example for us of how not to do it.
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