A carbon tax is a revenue-raising tool that can help the U.S. address climate change.
But critics are pushing it as a political tool that will be used by both sides of the aisle to avoid a tax on carbon dioxide emissions.
The National Resources Defense Council (NRDC) released a report Thursday saying a carbon price would be bad for the environment and the economy.
It said the tax would drive companies to make more expensive goods that can’t be exported, hurt small businesses and put jobs at risk.
“This proposal has been repeatedly rejected by Congress and the president, yet President Trump is pushing it on both sides and it is being adopted as a tool to try to get around the threat of a carbon dioxide tax,” said NRDC policy director Michael Brune.
“The president is using the issue of climate change as a wedge issue to try and force people to vote for him.”
The NRDC report says a carbon carbon tax would increase revenues by $11.3 billion in 2020, or about $13.8 per person, and by $2.6 billion in 2021, or $6.5 per person.
It also says the tax could raise an additional $3.7 billion in 2019, $4.3 in 2020 and $5.4 in 2021.
The report says the government would get about $2,000 per person in revenues from the carbon tax, which is $1.45 per gallon of gasoline.
The carbon tax could increase the cost of living in the United States by about $1,500 per year by 2025, according to the report.
The price would increase by $1 per gallon in 2020.
The cost of electricity would rise by $6 in 2021 and by about 15 cents per kilowatt hour by 2025.
The tax would also reduce the value of the U,S.
dollar, by about 0.5 percent in 2020 compared to 2020.
The NRDC report says any tax on emissions would be unpopular, and many people do not support it.
“Most people oppose a carbon-based tax on the basis of climate risk,” the report said.
“It’s also a political issue, and a lot of people believe it will not pass the Senate, which could be a problem for the tax.”
In a statement, the NRDC said the carbon price proposal “is neither scientifically accurate nor cost-effective.
The proposal is not the most effective way to mitigate climate change and would result in a large increase in carbon dioxide and greenhouse gases, with little or no benefits to the economy.””
The tax is not only politically untenable but also does little to reduce carbon emissions or improve the environment,” the statement continued.
“A carbon tax in the range of $25 to $30 per tonne of CO2 emissions would cost more than $5 billion in the first year, and could raise another $4 billion annually over the life of the plan.
The Senate is not likely to take up the proposal.”
If you’re looking for a political solution to climate change, the most promising is a carbon emission tax,” the NRD said.