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CO2 tax support is based in myth: Taxing essential energy harms more than it helps

CO2 tax support is based in myth: Taxing essential energy harms more than it helps

Jason Hayes, on The Hill, writes about the many downfalls of a carbon tax.

The C3 Take
  • A carbon tax would raise the cost of energy, hurt our economy, and do little to reduce global emissions.
  • A carbon tax is also unnecessary; through market forces and private sector innovation, the United States has meaningfully reduced emissions.
  • Overburdensome taxation does more harm than it does good. If we want to continue to reduce emissions we should look to the free market and invest in energy innovation.

“The CO2 tax is a regressive burden on the energy that keeps Americans comfortable and healthy, and it will impose its greatest financial burdens on the businesses and communities that can least afford it. Americans already are drastically cutting emissions, and the arguments in support of the tax undercut the very market mechanisms upon which supporters claim to rely.”

Read the full article here.

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