![Carbon tax revenue recycling for border-adjusted carbon tax border adjustments Taxing Big Oil Profiteers Act Wyden excess profits tax oil and gas companies Carbon Tax definition, Carbon Emissions, CO2 Emissions, Global Temperatures, Climate Change, AOC, Ocasio-Cortez, Green New Deal, energy, environomental, payroll tax cut](https://taxfoundation.org/wp-content/uploads/2019/11/carbon-tax-crop-e1572984169767-300x195.jpeg)
All Related Articles
![Carbon tax revenue recycling for border-adjusted carbon tax border adjustments Taxing Big Oil Profiteers Act Wyden excess profits tax oil and gas companies Carbon Tax definition, Carbon Emissions, CO2 Emissions, Global Temperatures, Climate Change, AOC, Ocasio-Cortez, Green New Deal, energy, environomental, payroll tax cut](https://taxfoundation.org/wp-content/uploads/2019/11/carbon-tax-crop-e1572984169767-300x195.jpeg)
![Learn more about the proposed Canada digital tax. Canada digital services tax](https://taxfoundation.org/wp-content/uploads/2019/12/linkedin-In-Stream_Wide___canada-e1576167108314-300x158.jpg)
Higher Taxes Might Not Be the Solution for Canada and its Provinces
First, the introduction of the wealth tax would significantly impact international capital flows and cause large economic dislocations in the short term. Second, provinces that are looking at raising their corporate tax rates might hinder capital attraction, growth, and economic recovery.
4 min read![2020 state gas tax rates, 2020 state fuel excise taxes, 2020 state gas tax rates by state, 2020 gas taxes](https://taxfoundation.org/wp-content/uploads/2020/07/Gas-Tax-July-2020-FV-01-300x255.png)
State Gasoline Tax Rates as of July 2020
California pumps out the highest tax rate of 62.47 cents per gallon, followed by Pennsylvania (58.7 cpg), Illinois (52.01 cpg), and Washington (49.4 cpg).
2 min read![Carbon tax, carbon tax bills, carbon emissions, fossil fuels, climate change](https://taxfoundation.org/wp-content/uploads/2019/08/carbon-tax-3-300x200.png)
![excise tax definition suspending the gas tax proposal Kentucky's gas tax road funding, Kentucky gas tax bill](https://taxfoundation.org/wp-content/uploads/2020/03/linkedin-In-Stream_Wide___gas-station-300x158.jpg)
![2022 state individual income tax rates and brackets 2022 state income tax rates, state income taxes Biden fiscal policy, Biden federal taxes, Biden income taxes, Progressive federal fiscal policy and progressive federal income tax policy, 2021 federal income tax data, 2021 income taxes and income taxes paid. Latest federal income tax data. Progressive federal income tax 2021. What does it mean that the federal income tax is a progressive tax?](https://taxfoundation.org/wp-content/uploads/2021/01/Federal-Fiscal-System-is-Very-Progressive-federal-income-tax-data-progressive-tax-system-e1611587265390-300x125.jpeg)
![Carbon tax revenue recycling for border-adjusted carbon tax border adjustments Taxing Big Oil Profiteers Act Wyden excess profits tax oil and gas companies Carbon Tax definition, Carbon Emissions, CO2 Emissions, Global Temperatures, Climate Change, AOC, Ocasio-Cortez, Green New Deal, energy, environomental, payroll tax cut](https://taxfoundation.org/wp-content/uploads/2019/11/carbon-tax-crop-e1572984169767-300x195.jpeg)
![](https://taxfoundation.org/wp-content/uploads/2020/07/AdobeStock_244094814-e1594399932289-300x119.jpeg)
Improved Cost Recovery Is A Wide-Ranging Policy Solution
Rather than limit improvements to certain sectors, lawmakers could pursue a broader policy of full expensing for all capital investment and neutral cost recovery for structures and clear the tax policy hurdles that currently stand in the way of private investment.
3 min read![Gas taxes in Europe, How do gas taxes in Europe compare? Compare gas tax rates in Europe 2020 gas tax rates in the EU](https://taxfoundation.org/wp-content/uploads/2020/07/Gas-2020-FV-01-285x300.png)
Gas Taxes in Europe
3 min read![2020 state tax rates and changes as of July 1, 2020, 2020 tax changes, 2020 state tax changes as of July 1, 2020](https://taxfoundation.org/wp-content/uploads/2020/07/state-map-us-map-e1594298131702-300x200.jpeg)
State Tax Changes Effective July 1, 2020
Nineteen states had notable tax changes take effect on July 1, 2020. Pandemic-shortened sessions contributed to less—and different—activity on the tax front than is seen in most years, and will likely yield an unusually active summer and autumn, with many legislatures considering new measures during special sessions.
12 min read![](https://taxfoundation.org/wp-content/uploads/2020/06/linkedin-In-Stream_Wide___highway-infrastructure-spending-proposals-business-roads-e1592936028692-300x158.jpeg)
Economic Analysis of Financing Options for Infrastructure Spending Proposals
Our analysis shows that the economic benefits of federal investment in productivity-enhancing infrastructure may be undercut by the negative effects of the financing of those investments, such as when the corporate income tax is increased.
6 min read![Vehicle miles traveled tax VMT tax, motor fuel tax, transportation funding, highway trust fund economic impact of increased infrastructure spending](https://taxfoundation.org/wp-content/uploads/2017/01/gas-tax-infrastructure-rental-car-highway-2-small-e1568149025428-300x197.jpeg)
Cautionary Notes from CBO on the Effects of Federal Investment
Based on the CBO’s assessment of the economic and budgetary effects of federal investment, lawmakers should look to spur private sector investment rather than try to enact a massive federal infrastructure bill.
5 min read![broadband internet, digital capital investment, tax policy, and infrastructure, telecom, 5g internet](https://taxfoundation.org/wp-content/uploads/2020/06/linkedin-In-Stream_Wide___5g-internet-telecom-digital-infrastructure-e1592409727457-300x158.jpeg)
What the Internet Can Teach Us About Capital Investment, Infrastructure, and Tax Policy
The lockdowns imposed in response to the COVID-19 pandemic induced an increase in demand for broadband internet, as work from home and other social distancing measures pushed people to spend more time online. As broadband becomes a more important piece of America’s infrastructure, it makes sense to look at tax policy that will help drive more investment and better service.
2 min read![](https://taxfoundation.org/wp-content/uploads/2020/05/Alberto_Alesina_2013-217x300.jpg)
Lessons from Alberto Alesina for U.S. Lawmakers
Alesina’s work suggests that raising taxes to reduce the federal deficit and national debt would be an economic mistake. The less economically damaging path is to cut spending, what some have called austerity policies.
3 min read![windfall profits tax windfall tax excess profits tax windfall taxes definition oil prices](https://taxfoundation.org/wp-content/uploads/2020/04/linkedin-In-Stream_Wide___oil-rig-1-e1587738500666-300x158.jpg)
Historic Oil Price Burns Hole in State Budgets
Alaska and North Dakota collect revenue primarily from oil-related taxes. These states must start thinking about how to plan for an era of reduced oil revenue.
5 min read![](https://taxfoundation.org/wp-content/uploads/2023/07/main_street-300x225.png)
The Weird Way Taxes Impact Behavior
Learn about how taxes can influence human behavior through the power of incentives. See how different tax policies have impacted everything around us, including the buildings we live in, the cars we drive, and even what we eat and wear. Gain a deeper appreciation for the importance of designing tax policies that encourage positive economic behaviors.
![payroll tax cut, payroll taxes](https://taxfoundation.org/wp-content/uploads/2016/07/money-invest-dollar-300x200.jpeg)
Can States Close Budget Deficits with Excise Tax Hikes?
We examine whether excise taxes are a solution to budget deficits, and while the short answer to that question is no, there are of course nuances. Excise taxes can play a role in state revenues even as policymakers appreciate that excise taxes are not viable long-term revenue tools for general spending priorities.
21 min read![](https://taxfoundation.org/wp-content/uploads/2020/03/State-Tracker-Front-Page-Smaller-02-e1585058862781-300x200.png)
Tracking State Legislative Responses to COVID-19
Many states are racing to pass budgets, emergency COVID-19 supplemental appropriations, and other must-pass legislation as quickly as possible. We’re tracking the latest state legislative responses to the coronavirus crisis.
66 min read![Fewer people driving means fewer people buying gasoline, which could be detrimental to motor fuel excise tax revenue for federal and state governments. The coronavirus pandemic is affecting most aspects of the economy, and motor fuel consumption is no exception. As social distancing recommendations, shelter-in-place-orders, and quarantines have upended American life in an effort to slow the spread of the virus, road traffic has declined dramatically around the country. Traffic drops means less motor fuel excise revenue](https://taxfoundation.org/wp-content/uploads/2020/03/linkedin-In-Stream_Wide___highway-empty-covid19-transportation-gas-min-e1585663602653-300x158.jpeg)
Gas Tax Revenue to Decline as Traffic Drops 38 Percent
Fewer people driving means fewer people buying gasoline, which may have positive effects on air pollution but could be detrimental to motor fuel excise tax revenue for federal and state governments.
4 min read![excise tax definition suspending the gas tax proposal Kentucky's gas tax road funding, Kentucky gas tax bill](https://taxfoundation.org/wp-content/uploads/2020/03/linkedin-In-Stream_Wide___gas-station-300x158.jpg)
What Happens with State Excise Tax Revenues During a Pandemic?
States will have to consider the effects of the COVID-19 pandemic on their excise tax revenues, including from gas taxes, tobacco taxes, and alcohol taxes.
7 min read