Why not replace the corporate income tax with a tax on carbon dioxide emissions?

I support a revenue-neutral carbon tax on each ton of carbon dioxide emissions. Start the tax at a low amount (perhaps $5 per ton), and then increase it by some small amount every year (perhaps $2 per ton). And use that tax revenue to lower other taxes by an equal amount. I dare Democrats to push for such a policy.

And in order to get Republicans to go along with it, the tax that gets lowered could be the corporate income tax. We could eventually repeal the entire corporate income tax, and replace it with a carbon dioxide tax.

If Democrats are truly against global warming, and if Republicans are truly against the corporate income tax, then what possible objections could they have to this proposal?

 

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December 21, 2015. Tags: , , , , , , , . Economics, Environmentalism.

8 Comments

  1. ML/NJ replied:

    Why not?

    Because a Carbon diOxide (NOT Carbon) tax would be based upon a hoax.

  2. Asok Smith replied:

    “Why not replace the corporate income tax with a tax on carbon dioxide emissions?”

    I might be willing to go along with that as long they don’t include breathing, burps and farts.

  3. poetopoet replied:

    Although the national debt under President Hussein Obama will have increased to over $21,000,000,000.+ trillion dollars since he took office in 2009. As a presidential candidate in 2008 Hussein Obama criticized then President George W. Bush for adding $4 trillion to the national debt.

    Hussein Obama and the Mainstream Mass Media SS were saying it was “unpatriotic” and also “irresponsible” to saddle future generations with such a large national debt on every front page and nightly broadcast; today not even a foot note at 21 billion.

    Obama said this on July 3, 2008, at a campaign event in Fargo, N.D.:

    “The problem is, is that the way Bush has done it over the last eight years is to take out a credit card from the Bank of China in the name of our children, driving up our national debt from $5 trillion dollars for the first 42 presidents — number 43 added $4 trillion dollars by his lonesome, so that we now have over $9 trillion dollars of debt that we are going to have to pay back — $30,000 for every man, woman and child,”

    What is irresponsible and unpatriotic by the claimed candidate Hussein Obama in 2008, for when Obama leaves office the National Debt will be $21,000,000,000; Twenty Trillion Dollars and counting, all by his loathsome self, he left every man woman and child improvised and “Dead Broke”!

    Just imagine, what Hillary Clinton will do, as she has claimed to be “Dead Broke” too with a $3,000,000,000; billion Clinton Foundation Trust Fund in her back pocket kitty? That she had to file six years of amended tax files for!

    That’s why!

    • danfromsquirrelhill replied:

      The Obama supporters who criticized Bush for adding all that debt don’t care that Obama added way more debt than Bush.

  4. drketedc replied:

    Because neither the Democrat Party nor the Republican Party are really against the hoax of global warming. It’s all a money scam. Both see it as a way to gouge the workers and control lives. This would be as good a thing as any to base taxes on. I would like to see their responses to your proposal.

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