Could a carbon tax help solve our budget woes? | Ben Schreiber - Grist
in addition to offering a potential solution to our budget problems, it can play an important role in protecting the public from the harmful impacts of climate change.Ben Schreiber on Grist
There are many ways a carbon tax can be structured. One example was provided in the carbon tax bill proposed by Rep. Pete Stark (D-Calif.) in 2009, which would have taxed carbon dioxide emissions from coal, oil, and natural gas at an initial rate of $15 per ton, with the tax increasing in each successive year. The bill would have generated about $80 billion in the first year after its enactment, and created $600 billion in new revenues over 10 years. Other forms of a carbon tax could raise substantially more revenue.
Benjamin Schreiber is the climate and energy tax analyst at Friends of the Earth. His focus is on the tax code with a goal of fighting tax incentives for greenhouse-gas intensive technologies and promoting tax incentives for technologies that reduce pollution. Ben came to Friends of the Earth from Environment America, where he worked as an energy advocate, fighting subsidies to dirty technologies, increasing fuel economy standards, and promoting renewable energy. Ben received a B.A. in sociology from the University of Chicago and a J.D. from Washington University in St. Louis.
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