The province of British Columbia is celebrating Canada Day by implementing a carbon tax. The tax starts at $10 per tonne of carbon dioxide and will gradually ramp up to $30 per tonne in 2012. It is intended to be revenue neutral through reductions in business and income taxes. Further, at the national level in Canada carbon taxes do not seem to be quite the political anathema they are in America. Liberal Party leader Stephane Dion has dubbed his carbon tax proposal—similar in many respects to the BC tax—the Green Shift.Art Laffer is on board.
Friday, August 26, 2011
Would you trade our income tax for a carbon tax?
Instead of taxing something good (work), why not tax something bad (carbon)?