A Carbon Tax Won’t Fight Climate Change, But Will Make Life More Expensive

Taxes

A misguided group in Congress is trying to hammer out a scheme to levy tariffs on such imports as steel, cement and aluminum, whose production in certain countries supposedly causes a higher output of carbon dioxide.

This episode of What’s Ahead explains why this idea is bad. Imposing such a carbon tax is fraught with complexity. It won’t fight “climate change.”

What it will do in the real world is make certain things more expensive.

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