MIT: US carbon tax a "win-win-win" for economy, planet and deficit

James S Murray
clock •

Whether we cut taxes or maintain spending for social programmes, the economy will be better off with the carbon tax

The US could tackle its growing deficit without damaging its economy, slashing government spending or raising existing taxes, if it simply introduced a carbon tax. That is the stark conclusion of a...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

James S Murray
Author spotlight

James S Murray

View profile
More from James S Murray

Whittle Laboratory to cut ribbon on £58m green aviation hub

Government officially brings British Steel into public ownership

More on Taxation

UN study argues early climate action can help minimise impacts of carbon tariffs
Taxation

UN study argues early climate action can help minimise impacts of carbon tariffs

New UNFCCC case study explores how India can accelerate decarbonisation efforts and guard against the impact of Carbon Border Adjustment Mechanisms (CBAMs)

James Murray
James Murray
clock 06 July 2026 • 2 min read
Levy reform will clear the path for electrification
Taxation

Levy reform will clear the path for electrification

As the UK faces yet another global energy crisis, a return to business as usual is unsustainable, writes techUK's Katie Davies

Katie Davies, techUK
clock 24 June 2026 • 4 min read
Greenpeace: Oil and gas tax breaks could have funded school and hospital solar rollout five times over
Taxation

Greenpeace: Oil and gas tax breaks could have funded school and hospital solar rollout five times over

Campaign group claims tax revenues foregone through fossil fuel industry tax breaks could have helped insulate every fuel-poor home in England or bankroll school and hospital solar installations

Stuart Stone
Stuart Stone
clock 15 June 2026 • 6 min read