Two states on opposite ends of the country are pondering the imposition of a carbon tax, ostensibly as a tool to fight climate change.
What’s happening in Washington and Vermont, though, is instructive in a lot of ways that have nothing to do with how much carbon is poured into the atmosphere.
Vermont is in the early stages. The Vermont Public Interest Research Group is hawking a $500 million a year carbon tax on producers that would dramatically increase retail prices for gasoline and home-heating oil, which would be at least partially offset by a tax credit and a sales tax reduction. The proposal could be considered by the state legislature next year.
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