BusinessGreen: Introducing a national carbon tax of $20 per metric ton could more than halve the United States' spiralling budget deficit over the next 10 years, research by the Congressional Research Service (CRS) said today. The CRS report calculates such a tax could raise about $88bn in 2012, rising to $154bn in 2021. This return could reduce the deficit from a projected $2.3tr in 2020 to $1.1tr. If the deficit rises to the maximum extent projected by the Congressional Budget Office (CBO) -- some $10tr...
URL: http://www.businessgreen.com/bg/news/2208845/study-usd20-carbon-tax-could-halve-us-deficit?WT.rss_f=Home&WT.rss_a=Study%3A+%2420+carbon+tax+could+halve+US+deficit
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