"The Get America Working! approach would work, in effect, by correcting a major price distortion. The current U.S. Internal Revenue Code taxes employment far more heavily than it does the use of natural resources. This distortion has grown progressively worse as payroll taxes have grown. Revising this distortion would increase employment, equity and overall economic vigor importantly. And it would do so by responding to market price signals, not through clumsy and expensive government interventions."
The Net-Zero Gas Tax: A Once-in-a-generation Chance
Date:
Mon, 01/05/2009
Source:
Weekly Standard
In this article conservative Charles Krauthammer touts the benefits of a gasoline tax to curb pollution, reduce world oil prices and U.S. reliance on imported oil. He teams the tax with a direct offset of payroll taxes.
