Amidst bipartisan climate negotiations on Capitol Hill, there have been renewed calls for a carbon taxA carbon tax is levied on the carbon content of fossil fuels. The term can also refer to taxing other types of greenhouse gas emissions, such as methane. A carbon tax puts a price on those emissions to encourage consumers, businesses, and governments to produce less of them. .
Carbon taxes have long been magnets for political controversy. But from an economic standpoint, they deserve to be taken seriously.
Federal policy analyst Alex Muresianu joins Jesse Solis this week to talk through the history of climate taxA tax is a mandatory payment or charge collected by local, state, and national governments from individuals or businesses to cover the costs of general government services, goods, and activities. policy, how a pro-growth carbon tax could be designed, and what its chances in DC actually are as the climate crisis worsens.
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