Mankiw on Cap-and-Trade
November 1st, 2007 by Peter SudermanGreg Mankiw gives us the fundamental theorem of carbon taxation:
Cap-and-trade = Carbon tax + Corporate welfare.
Got that? It’s a tax increase, with some bad subsidies attached. Awesome!
And this is the preferred policy for combating global warming, mainly because no one wants to be seen as a tax-raiser (as with a straight carbon tax). All together now, let’s get a chorus going as we sing, “Market based! Market baaaaaased…“
November 1st, 2007 at 8:27 pm
And Mike Huckabee supports “cap and trade”. Huckabee as a tax cutter? What spin!
Fred Thompson has the consistant taxing cutting record! And he opposes “cap and trade.”
November 2nd, 2007 at 12:31 pm
The Congressional Budget Office did a great study that really points out the economic harms caused by “cap and trade.”
All economic pain for no environmental gain!
http://www.newsbusters.org/node/12327