carbon tax

: TaxVox

In the Midwest, Across the Pacific, and Down Under

Looks like there’ll be tax cuts in Ohio. The state’s legislature has produced a compromise bill that heads to Republican Governor John Kasich’s desk this week. Ohio had passed a 10-percent across-the-board income tax cut last year that was to be phased in by 2015. The compromise bill will make the

June 4, 2014Renu Zaretsky

: TaxVox

EPA Regulations, International Taxation and Hitting the Sweet Spot

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

Tax Relief, Hikes, and Incentives

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

Three Options for Better Climate Policy

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

Corporations, Local Revenues, Tough Love, and Carbon

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

Turning Carbon Tax Theory Into Reality

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

An EPA-Sanctioned State-Based Carbon Tax Could Reduce Emissions and Improve State Finances

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

New Study: Tax Subsidies Do Little To Reduce Greenhouse Gas Emissions

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

Would a Carbon Tax and Corporate Tax Reform Taste Great Together?

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

Taxes and Energy Policy

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