Even in flush economic times, carbon taxes would be bad policy. When economies are already laboring under too much spending and are at diminishing-return levels of taxation, implementing a carbon tax would be a mistake.
Editor’s note: Carbon taxes are in the news again, with several members of the Republican establishment pushing the idea. The op-ed below, originally published a year ago, dissects the carbon tax and points out problems with the concept that are even more relevant today.
