A Carbon Tax Lets Markets Lead the Fight Against Climate Change – The Wall Street Journal
The beauty of a carbon tax is that it uses market forces to stimulate innovation and reduce carbon emissions (“Oil Group Drafts Proposal for Carbon Tax on Fossil Fuels,” U.S. News, April 22). Economists find it among the fastest, fairest, cheapest and most effective actions we can take to limit global warming.
Under the Energy Innovation and Carbon Dividend Act, 95% of low- and middle-income earners are expected to save money or break even, with the poorest seeing the greatest health and economic benefits. All this without our government picking winners and losers, issuing mandates or adding to our deficit.