Accession Number PB2013-107483
Title Effects of a Carbon Tax on the Economy and the Environment.
Publication Date May 2013
Media Count 23p
Personal Author N/A
Abstract Lawmakers could increase federal revenues and encourage reductions in emissions of carbon dioxide (CO2) by establishing a carbon tax, which would either tax those emissions directly or tax fuels that release CO2 when they are burned (fossil fuels, such as coal, oil, and natural gas). Emissions of CO2 and other greenhouse gases accumulate in the atmosphere and contribute to climate changea long-term and potentially very costly global problem. The effects of a carbon tax on the U.S. economy would depend on how the revenues from the tax were used. Options include using the revenues to reduce budget deficits, to decrease existing marginal tax rates (the rates on an additional dollar of income), or to offset the costs that a carbon tax would impose on certain groups of people. This study examines how a carbon tax, combined with those alternative uses of the revenues, might affect the economy and the environment.
Keywords Air pollution abatement
Carbon dioxide
Carbon tax
Climage change
Congressional reports
Economics
Emission
Environmental policy
Fossil fuels
Pollution control
Taxes


 
Source Agency Congressional Budget Office
NTIS Subject Category 97R - Environmental Studies
97K - Fuels
68A - Air Pollution & Control
97G - Policies, Regulations & Studies
96 - Business & Economics
Corporate Author Congressional Budget Office, Washington, DC.
Document Type Technical report
Title Note N/A
NTIS Issue Number 1320
Contract Number N/A

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