Word: taxingly
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Writing in the Washington Post that the new health care plan will increase U.S. debt and necessitate a national sales tax as high as those found in European nations...
Eldrup says Denmark makes a good test case for the large-scale production of electric cars. For starters, the country does not have an auto industry. Second, Danes pay a 180% tax for new-car registration, while there is no such fee imposed on electric autos, an attractive incentive for consumers. "If we are successful, that gives us a lot of learning and new development in new technology and businesses in Denmark," says Eldrup. He adds, "It also gives us value in exporting." (See the top 10 news stories...
...carbon tax enacted by the government, on the other hand, would be weaker than a cap-and-trade system because Congress would be too preoccupied with keeping taxes low, Stavins said...
Their paper concluded that Congress is more likely to pass a cap-and-trade system—in which the government puts a cap on the amount of a pollutant that can be emitted—than a carbon tax, because the cap-and-trade system exhibits the “independence property”—the theoretical and actual ability of a system to keep costs low and environmental performance high...
Stavins said in a recent interview with The Crimson that a cap-and-trade system would be more efficient and less controversial than a carbon tax because limiting the total amount of carbon that corporations emit does not require an equal distribution of pollution limits. He explained that while a carbon tax would be superior in theory, a cap-and-trade system would be more practical when political realities are taken into account...