The Federal Tax Credits Blog

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Question: Why do you think a former Bush economic advisor is arguing for a carbon tax?

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?

Answer: Think when I heard him on NPR he mentioned a carbon tax is a good idea if it is offset by a tax reduction in some other area. A “no net gain” in taxes kind of thing. The economics of it makes sense – find a way to use less fuel (electricity included if made from fossil fuel), and pay less taxes – a good incentive. He also mentioned that the taxes should be used for developing alternative fuels and such.

This would help spur innovation to reduce global warming (think that is the point of the carbon tax), but unfortunately more needs to happen.

Travel companies get creative with paperwork

Whether you are bumped from a flight, forced to cancel a cruise or filing an insurance claim, you have rights. Problem is, companies are getting creative with their definitions. Insurance – Recreation – United States – Business – Financial Services

Don’t Panic! Carbon Tax for YouTube users next?