How a Carbon Tax Can Help Address Climate Change

–News Direct–

As the United States’ fiscal challenges deepen and climate change worsens globally, the need to identify pro-growth solutions is a priority of policymakers. Alex Flint, executive director of the Alliance for Market Solutions (AMS), this week participated in a nationwide satellite media tour to discuss how a carbon tax can both address climate change and grow the economy.

A video accompanying this announcement is available at: https://youtu.be/4H9P0JvFRVY

For decades, the U.S. government has sought to curb carbon pollution and mandate energy efficiency standards through a host of regulations and tax subsidies. Today, conservatives and economists alike recognize that taxes are more efficient than regulations. Using a carbon tax to reduce carbon pollution costs the economy less than achieving the same result through regulation. A carbon tax can raise revenue—which a regulation or a suite of regulations cannot do—and can be used to reduce other, more distortionary taxes, which hinder economic growth, like the income tax. The result is a more efficient tax system that, while raising the same amount of revenue, allows the economy to grow faster, making it easier for the federal government to meet its fiscal obligations while reaching their climate goals. Congress is currently debating a carbon border adjustment mechanism, which would impose a fee on imports from countries with lower environmental standards and could serve a lynchpin for a domestic carbon pricing policy.

For more information about a carbon tax and AMS, visit amsresearch.org

About Alliance for Market Solutions

AMS is a nonprofit educational organization of conservative leaders addressing two of America’s most pressing challenges: the need to reduce carbon pollution and grow the economy. We respect climate change science and support replacing regulations with a revenue-neutral carbon tax—policy that would efficiently protect the environment and deregulate and grow the economy. AMS engages directly with influential conservatives, including policymakers, to cultivate support for a revenue-neutral carbon tax. We also conduct research that demonstrates the viability and benefits of a carbon tax.

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