Costly carbon tax would hit poor hardest

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Would a carbon tax, now proposed by Green enthusiasts and revenue-hungry politicians, be good for the economy? Derrick Morgan of the Heritage Foundation says no, and here explains why:  “One carbon tax bill introduced in Congress would add more than $5 per gallon to the price of gasoline. We can’t afford that. The carbon tax will kill jobs too, especially in manufacturing. Thanks to new technology, America now has access to more oil, coal, and natural gas than any other country in the world. Instead of making us, especially the poor among us, pay more at the pump and on our utility bill, we should develop these resources, including on government land, generating revenues and creating jobs at the same time, and say no to a new tax, and yes to development.”

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About the Author: CFACT

CFACT defends the environment and human welfare through facts, news, and analysis.