<p>Tax Foundation: Carbon Tax Could Offset Permanent Tax Cuts</p>

Tax Foundation: Carbon Tax Could Offset Permanent Tax Cuts

Tax Foundation

A solution to the revenue decrease that would result from making the individual income tax provisions of the Tax Cuts and Jobs Act permanent could be a carbon tax at a rate of $60 per metric ton of carbon dioxide equivalent, growing by 5 percent annually until it is $93 by 2030, the Tax Foundation said in a September 30 report.

<p>A solution to the revenue decrease that would result from making the individual income tax provisions of the Tax Cuts and Jobs Act permanent could be a carbon tax at a rate of $60 per metric ton of carbon dioxide equivalent, growing by 5 percent annually until it is $93 by 2030, the Tax Foundation said in a September 30 report.</p>