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Why the Carbon Tax Would Backfire on America

Why the Carbon Tax Would Backfire on America

Nick Loris of the Heritage Foundation warns that a carbon tax would harm America.

  • A carbon tax would ultimately backfire on America and the American taxpayer.
  • Approximately 80% of our energy needs are met through carbon-emitting sources. A higher cost on these products would affect our whole economy.
  • While renewable energy is important, the technology is not mature enough to fully replace natural gas or oil.

“Carbon taxes are a cure worse than the alleged disease: They have a minimal impact on emissions and will do next to nothing to affect climate change. In the end, they hurt the very citizens they are intended to help.”

Read the full article here.

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