I do it for pure economics. I am worried about economic growth in the United States and the creation of jobs, output and employment. If you tax people who work, you are going to get less people working. What the carbon tax would do is remove the tax from people who work and put it on a product in the ground. That would be very beneficial for the economy, pure and simple.
Whitehouse quotes Dr. Laffer on the economic benefits of a carbon tax.
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