MIT study suggests carbon tax could help reduce US deficit, lower other taxes, reduce emissions
Green Car Congress
AUGUST 27, 2012
Bush-era tax cuts are scheduled to expire at the end of 2012, leading to interest in raising revenue through a carbon tax. This revenue could be used to either cut other taxes or to avoid cuts in Federal programs. The third win—carbon dioxide (CO 2 ) pollution and oil imports would be reduced.
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