Tax Policy Center

carbon tax

: TaxVox
Will the EPA’s proposal to curb greenhouse gas emissions allow state-based carbon taxes? The new regulations would give states broad flexibility to require power plants to meet tough emissions standards, including creating new cap-and-trade systems. But the 645-page proposal never uses the word “
June 3, 2014Renu Zaretsky
: TaxVox
DC residents will likely see tax cuts—the largest in 15 years. The DC Council voted yesterday to support $165 million in tax cuts , a plan based in part on recommendations made by the DC Tax Revision Commission . Tax burdens for low- and middle-income residents would decrease in January. For four
May 29, 2014Renu Zaretsky
Individual Taxes: TaxVox
Thanks to a 2007 Supreme Court ruling that greenhouse gases are air pollutants under the Clean Air Act, the Environmental Protection Agency has to do something to control them. But the act is ill-suited to controlling a non-toxic global pollutant. The law requires the EPA to set separate emissions
May 28, 2014Adele C. Morris
: TaxVox
The House Ways and Means Committee marks up a bill restoring more expired tax breaks tomorrow. On the table: a measure making bonus depreciation for business investment permanent and reforming the tax treatment of some charitable giving. Bloomberg reports that the tax panel will consider whether to
May 28, 2014Renu Zaretsky
Individual Taxes: TaxVox
A carbon tax has great appeal. It could reduce the risk of climate change by building emissions costs into market prices, thus discouraging the use of carbon-based fuels. And it would make a lot of revenue available for a broad range of purposes including reducing other taxes, new spending, or
May 27, 2014Howard Gleckman
Individual Taxes: TaxVox
The U.S. Environmental Protection Agency (EPA) is developing a proposed rule due out in June that could allow states to use carbon excise taxes or fees to limit the one-third of U.S. greenhouse gas emissions that come from power plants. The tax approach, one of several options EPA could offer
April 1, 2014Adele C. Morris
Individual Taxes: TaxVox
The other day, President Obama proposed a modest and largely aspirational plan to respond to climate change. Unlike some of his past efforts, it did...
July 1, 2013Howard Gleckman
Individual Taxes: TaxVox
Two great tastes often taste great together. Chocolate and peanut butter. Oreos and milk. Popcorn and butter. Could the same be true of carbon taxes...
February 11, 2013Donald Marron
Individual Taxes: TaxVox
Last week I had the opportunity to testify before two Ways and Means subcommittees--Select Revenue Measures and Oversight--about the way our tax system is used...
September 29, 2011Donald Marron
Federal Budget and Economy: TaxVox
You know the Washington Rule: Liberals will never support spending cuts and conservatives will never back tax increases. Yet, there is one new levy that...
June 2, 2011Howard Gleckman