Carbon tax would cost families extra $2,500 yearly

President Obama believes we need to tax carbon dioxide emissions to stop catastrophic global warming. Paul Driessen, senior policy advisor for CFACT, disagrees: “Earth’s average temperatures haven’t even budged in 16 years, so there is no threat from global warming. Moreover, a carbon tax would raise prices for everything we do and cost families an extra $2,500 per year according to a Heritage Foundation study. Carbon taxes would not bring more federal revenue. They would cause more economic strangulation, a more bloated bureaucracy, more layoffs, sharply higher unemployment, higher food stamp and welfare payouts, and reduced corporate and personal income-tax receipts.”

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About the Author: Craig Rucker

Craig Rucker is the executive director and co-founder of CFACT.