The revenue-neutral “carbon fee and dividend” tax, as it is sometimes called, has been popular among economists for years. As for how the idea would be received politically, Baker told The Post: “I have no idea, but it is a good proposal, it’s simple, it’s conservative, it’s free market, it’s limited government.”
Baker and his colleagues estimate that the average family of four would receive $2,000 annually in dividends from the fee if it starts at $40 per ton. They also assert that the proposal would be fundamentally progressive because everyone would receive the same amount of revenue from the tax regardless of their income level, meaning the new source of income would make a bigger difference for poorer people than for wealthier ones.
“This ticks every one of their boxes,” said Halstead. “It is pro growth, pro competition, pro jobs, deregulatory, and it will help the working-class voters that Trump promised to help.”
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