taxes
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Saving Civilization is Not a Spectator Sport
Given the enormous environmental and social challenges faced by our early twenty-first century global civilization, one of the questions I hear most frequently is, What can I do? People often expect me to talk about lifestyle changes, recycling newspapers, or changing light bulbs. These are essential, but they are not nearly enough. We now need […]
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Taxpayer dollars subsidizing destruction
One way to correct market failures is tax shifting — raising taxes on activities that harm the environment so that their prices begin to reflect their true cost and offsetting this with a reduction in income taxes. A complementary way to achieve this goal is subsidy shifting. Each year the world’s taxpayers provide at least […]
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A lesson from California’s bad ballot measure
California’s nascent cap-and-trade program appears to be threatened by a ballot measure that is both substantively idiotic and yet diabolically clever. Basically, the measure would suspend implementation until California’s unemployment rate declines to below 5.5 percent. Financial backing comes from oil companies and other big polluters. Shocking, I know. Anyway, it’s a stupid idea on […]
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Lowering income taxes while raising pollution taxes reaps great returns
As economic decisionmakers—whether consumers, corporate planners, government policymakers, or investment bankers—we all depend on the market for guidance. In order for markets to work and economic actors to make sound decisions, the markets must give us good information, including the full cost of the products we buy. Unfortunately, markets largely ignore the indirect costs of […]
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The Nuclear Fig Leaf is Falling
Raise your hand if US taxpayers are responsible to pay for the most expensive mistakes you make in your business. Chances are, the only hands that just went up are attached to nuclear power executives and, if that unfair advantage were removed we would see the end of nuclear power in this country. The five […]
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Can we stop obesity without taxes?
Michelle Obama went before the Grocery Manufacturers Association today seeking its support for her “Let’s Move” anti-obesity initiative. The GMA, which counts food companies like Kraft, General Mills, and Coca-Cola among its membership, isn’t necessarily friendly territory for Michelle Obama. But if the standing ovation she received is any indication, Big Food is trying hard […]
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The death knell for comprehensive cap-and-trade
I’ve resisted writing the obligatory “what Scott Brown’s victory means for the climate bill” post, mainly because the real answer is Nobody Knows and Everyone’s Full of Sh*t. What pundit wants to say that? Certainly everyone in the DC Village agrees that the Mass. special election was the Biggest Thing Evar (unlike, say, the Oregon […]
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The policy and politics of Obama’s $2.3 billion in clean energy tax credits
Today the Obama administration unveiled $2.3 billion in new tax credits to clean energy manufacturing companies. There were 183 projects selected out of some 500 applications; one-third were from small businesses; around 30% are expected to be completed this year. The winners are spread across 43 states. Here’s a map from White House adviser Carol […]
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A chat with Earl Blumenauer about his ‘carbon audit’ of the U.S. tax code
Rep. Earl Blumenauer (D-Ore.)Tucked away in the frantically assembled and hastily passed bailout bill of Sept. 2008 was a little-noticed provision that would empower the National Academy of Sciences to do a “carbon audit” of the U.S. tax code, scoring tax provisions according to their impact on the national carbon footprint. But the audit — […]
