U.S. Carbon Tax Could Halve Deficit in 10 years

Showcasing more than fifty of the most provocative, original, and significant online essays from 2011, The Best Science Writing Online 2012 will change the way... Read More ยป WAHSINGTON, Sept 26 (Reuters Point Carbon) - Imposing a $20 per metric ton carb Full Story »

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Sirajul Islam
3.9
by Sirajul Islam - Sep. 27, 2012

An original Reuters report by Valerie Volcovici (additional reporting by Rory Carroll) that said 'imposing a $20 per metric ton carbon tax in the U.S. could reduce that country's budget deficit by 50 percent over the next 10 years. Though the report is based on a report by the Congressional Research Service, the likelihood of Congress passing such a measure would be bleak given the opposition of many lawmakers to any type of tax increase in the U.S. This is an important piece of journalism because it shows both the Pros and Cons of cutting U.S. budget deficit.

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