Those concerned about global warming have recently been pushing the idea of a new tax on carbon emissions. But according to a recent study by the Heritage Foundation, such a carbon tax would cause serious economic harm without even making a dent in global emissions. Citing government data, the study points out a carbon tax would raise family energy prices by more than $500 per year, jack up gasoline prices 50 cents per gallon, reduce family income by nearly $2,000, and cost 1 million jobs by 2016 alone. Since developing nations like China and India will continue increasing their CO2 no matter what the U.S. does, a carbon tax is a bad solution to a still-unproven problem.



    CFACT, founded in 1985 by Craig Rucker and the late (truly great) David Rothbard, examines the relationship between human freedom, and issues of energy, environment, climate, economics, civil rights and more.