Testimony On the Merits of a Carbon Tax
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before the U.S. Senate Committee on Energy and Natural Resources
Ted Gayer
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Ted Gayer testified before the Senate Energy Committee that a carbon tax is the most economically efficient way to address climate change. While it might be politically unpopular, he says, it is well worth considering because it helps generate public revenues that can be used to offset economically harmful taxes, and it is less susceptible than cap-and-trade to economically disruptive price volatility.

Research Areas Economic mobility and inequality Taxes and budgets Climate, disasters, and environment
Tags Fiscal policy State and local tax issues Individual taxes Federal budget and economy Climate mitigation, sustainability, energy and land use
Policy Centers Urban-Brookings Tax Policy Center