A carbon power plant operates in Price Canyon, Dec. 21, 2011. What would a carbon tax do for the economy?
Ravell Call, Deseret News
Sen. Mitt Romney, as reported in the Deseret News article published Dec. 8 “Is a carbon tax possible in a divided Congress? Sen. Mitt Romney is hopeful,” has advocated for a carbon tax for many years. The only outcome of a carbon tax will be increased costs since energy conservation is already occurring: industry and individuals are reducing their uses of carbon fuels.
By introducing a carbon tax, fuel prices will increase from their already high levels. Please remember that individuals must still drive to work every day. Electricity costs will only increase. California implemented a carbon tax with impacts on electricity costs: California electricity costs are among the highest in the U.S. due to both policy mistakes AND a carbon tax. Diesel costs are already affecting train and truck transportation. A carbon tax will further burden both industries.
For individuals, a carbon tax will affect their ability to heat their homes, commute back and forth to work (most locations lack a public transportation infrastructure like Washington, D.C.) and buy essentials like groceries since transportation costs will increase with a carbon tax, therefore affecting grocery costs.
A carbon tax will only add to the already high costs due to inflation and the poor policy choices that reduced U.S. oil and gas production implemented after Jan. 21, 2021.
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