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65 Buff. L. Rev. 857 (2017)
A Complete Analysis of Carbon Taxation: Considering the Revenue Side

handle is hein.journals/buflr65 and id is 889 raw text is: 









   A Complete Analysis of Carbon Taxation:
           Considering the Revenue Side

                         SHI-LING Hsut

                            ABSTRACT


       Climate policy in the United States always seems to face
  strong political headwinds. It is not so much that voters dismiss
  the threat of climate change, or that they believe climate change is
  a hoax, but coming up with a fair and effective policy has always
  seemed so daunting. This Article argues that the simplest answer
  is not, contrary to initial appearances, daunting at all. The most
  effective and most efficient climate policy at the federal, state, and
  local level is a carbon tax.
       Carbon taxation has always seemed politically implausible,
  due in large part to an inherent public aversion to taxes, but also
  due to a campaign of misinformation, paralleling the campaign
  against climate change itself. An important way of countering this
  bias and this campaign is to emphasize the revenue side of carbon
  taxation. Without a robust discussion of the uses of carbon tax
  revenues, the only salient part of a carbon tax to voters is the all-
  too-apparent cost. There is no sense of the benefits of revenues.
       This Article fills this gap by presenting a menu of revenue
  options, along with a discussion of the macroeconomic and the
  distributional consequences of the different options. This analysis
  is an input into a political process, which must ultimately decide
  on the objective, but only with the guidance of some quantitative
  analysis. This Article closes with an argument for a lump sum
  distribution approach, in which carbon tax proceeds are returned
  directly back to carbon taxpayers on a largely per-capita basis.


t D'Alemberte Professor and Associate Dean for Environmental Programs,
Florida State University College of Law. The author would like to thank James
Handley and Gary Lucas, Jr. for their comments and help, the participants at a
workshop at the University of Florida Levin College of Law at the 2016 J.B. &
Maurice C. Shapiro Environmental Law Symposium and at the 2016 Vermont
Law School Colloquium on Environmental Scholarship, and the always-helpful
library staff at the Florida State University College of Law. The author is a
member of the Advisory Board of Citizens' Climate Lobby.


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