Comments on: Climate Change and the U.S.: Is the Environmental Protection Agency under-pricing carbon? http://triplecrisis.com/climate-change-and-the-u-s-is-the-environmental-protection-agency-under-pricing-carbon/ Global Perspectives on Finance, Development, and Environment Sun, 05 Sep 2010 14:03:44 +0000 hourly 1 http://wordpress.org/?v=3.0.1 By: Greg http://triplecrisis.com/climate-change-and-the-u-s-is-the-environmental-protection-agency-under-pricing-carbon/comment-page-1/#comment-69 Greg Thu, 25 Feb 2010 05:25:06 +0000 http://triplecrisis.com/?p=243#comment-69 Frank, what do you think about the EPA mollifying the critics by simultaneously proposing a larger carbon tax and a reduction in other taxes? In particular, what about replacing the Medicare payroll tax with a carbon tax, selling it to the public as a net reduction in taxes for many Americans and sound environmental policy? This also has the benefit of being sound economically, correcting an externality, replacing a marketing-distorting payroll tax with a market-oriented Pigovian tax, and using health care funding to indirectly compensate those hurt by pollution. Frank, what do you think about the EPA mollifying the critics by simultaneously proposing a larger carbon tax and a reduction in other taxes?

In particular, what about replacing the Medicare payroll tax with a carbon tax, selling it to the public as a net reduction in taxes for many Americans and sound environmental policy?

This also has the benefit of being sound economically, correcting an externality, replacing a marketing-distorting payroll tax with a market-oriented Pigovian tax, and using health care funding to indirectly compensate those hurt by pollution.

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