"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."
Revenue Neutral Carbon Tax
Date:
Tue, 03/03/2009
Source:
Congressional Record
Speaking in the House chamber, Representative Inglis stresses the need to address energy insecurity and job creation. He suggests a revenue neutral carbon tax create a needed "price signal and an internalizing of the externals associated with fossil fuels." Mr. Inglis would use the revenues from the carbon tax to reduce payroll taxes and spur "creating jobs in America."
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