Jason Hayes, on The Hill, writes about the many downfalls of a carbon tax.
- 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.
Read the full article here.