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National Research Council Report Recommends Setting a US Carbon Budget Through 2050; Concludes Known Technologies Not Sufficient to Meet Budget Goals

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Illustration of the representative US cumulative GHG emissions budget targets:170 and 200 Gt CO2-eq (for Kyoto gases). In some instances, it may be appropriate for state/local efforts to be preempted by new federal programs, but this must be balanced against the need to allow for flexibility and innovation. Source: NRC.

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MIT study suggests carbon tax could help reduce US deficit, lower other taxes, reduce emissions

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trillion in revenue, which could then be used to reduce personal or corporate income taxes, extend the payroll tax cut that expires this year, maintain spending on social programs—or some combination of these options—while reducing the deficit. —Rausch and Reilly (2012). —Rausch and Reilly (2012).

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