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Imagine if there is no ... income tax cut with a budget deficit

Posted on May 16, 2008

EconomistMom doesn't seem to think that carbon tax (or cap-and-trade auction) revenues must be paired with reductions in income and corporate taxes in order to generate a little bit of efficiency in this crazy world: The point is, like the fact that economists universally (across the political and ideological spectra) seem to hate the idea of a gas tax holiday, we universally seem to love the idea of environmentally-motivated taxes. Yes, a tax increase that even tax-cutting economists support.Why? Sustainability. Some economists support the carbon tax purely on the grounds that it would ...

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budget , deficit , environmental , gas , tax , taxes