At yesterday’s Deals & Deal Makers Conference in New York, Glenn Hubbard, the Columbia Business School Dean and former Bush administration economic adviser, argued in favor of a carbon tax.
http://blogs.wsj.com/energy/2007/06/28/hubbard-argues-for-a-carbon-tax/
Hubbard supports either a carbon tax or a carbon cap and trade system in which the carbon credits are auctioned off. He does not support a cap and trade system in which the credits are given away, because then the government isn't getting any funds from the process.
Hubbard basically feels that the government can redistribute funds from a carbon tax to reduce other taxes and have no net tax increase.
This is no liberal. This is a former Bush economic advisor who was instrumental in Bush's 2003 tax cuts
http://en.wikipedia.org/wiki/Glenn_Hubbard_(economics)
What do you think about this conservative economist pushing for a carbon tax?
2007-12-27
04:06:09
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4 answers
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asked by
Dana1981
7
in
Politics & Government
➔ Politics