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Implementing a carbon tax is becoming a bipartisan issue in US too.
GOP Economists Endorse (Surprisingly Robust) Carbon Tax
In a letter published by The Wall Street Journal Wednesday night, four former chairs of the Federal Reserve (Yellen, Bernanke, Greenspan and Volcker) and a long list of former White House economists from both parties called on the U.S. to adopt a tax on carbon emissions as soon as possible, and to return all the revenue generated by such a tax to the American people, in the form of “equal lump-sum rebates.” The letter further stipulates that the carbon tax “should increase every year until emissions reductions goals are met,” and that the U.S. should impose “a border carbon adjustment” tax on imported goods from nations that do not themselves have carbon taxes. The latter provision would “enhance the competitiveness of American firms that are more energy-efficient than their global competitors” while creating “an incentive for other nations to adopt similar carbon pricing.”
GOP Economists Endorse (Surprisingly Robust) Carbon Tax