Rising gas prices show why a carbon tax is a bad idea

Published November 9, 2021 4:55pm ET



Gas prices are high, and people aren’t happy. President Joe Biden’s administration could make the problem even worse.

That’s because the Biden administration supports establishing a carbon tax of nearly $20 per ton. If enacted without a gasoline exemption, the tax would increase the price of gas by nearly 20 cents per gallon, making the problem even worse. Politically, it would be a bad move for the administration.

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