Carbon Tax Bill Finds Few Friends
The American Spectator cited Director of Center for Energy and Environment Myron Ebell on carbon tax.
In a joint op-ed, Myron Ebell of the Competitive Enterprise Institute (CEI) and Ross Marchand of the Taxpayers Protection Alliance (TPA) dismissed the proposal, arguing that “the net impact of such a steep carbon tax would be disastrous for working families.”
“While it’s impossible to sum up decades of climatology research in a few paragraphs, the case for a carbon tax is flimsy even if we assume that carbon impacts climate,” they wrote. “As it turns out, the economy is complex and impossible to steer toward a narrow, preordained outcome dreamed up by bureaucrats.”
They point out that left-leaning economist Hans-Werner Sinn has opined that an impending carbon tax would likely lead to energy producers increasing supplies in the present, which would crash the price and encourage more short-term carbon emissions.
“Economic realities will likely doom a carbon tax to fail,” CEI and TPA wrote. “Economies are complex instruments that always defy central planners, derailing even the best-laid plans. Policymakers must steer clear of this poorly thought out proposal that will achieve little at a gargantuan cost.”
