Institute on Taxation and Economic Policy

Carbon Tax

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Good Climate Policy Is Good Economic Policy, Too

August 6, 2021 • By Ian Berlin

Congress is proving that there does not need to be a trade-off between good climate policy and good economic policy. Direct hires aside, an even bolder government-backed effort to secure the future of our planet could create as many as 25 million net new jobs at its peak, as well as 5 million permanent jobs, many of which deal directly with domestic infrastructure and cannot be outsourced. With the U.S. economy still down 5.7 million jobs from pre-pandemic levels, climate legislation can be a critical investment for jumpstarting our economic recovery.

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A Well-Designed Carbon Tax Could Curb Emissions, Offset Costs for Many Families

September 26, 2019 • By Carl Davis

A well-designed carbon tax package—that is, levied at a sufficiently high rate and paired with equitable offsets for lower- and middle-income families—could improve both our environment and the fairness of our tax system.