28 Jul

FiveThirtyEight – Politics Done Right: Cap-and-Trade is Dead; Long Live Cap-and-Trade

But my premise is that tax increases are inevitable: it’s a question of who bears those taxes and how they bear them. And at some point Congress — which is surely headed for some massive showdowns over the budget at some point in the next several years — might conclude that cap-and-trade is a more acceptable way to raise revenues than an omnibus tax increase. In fact, cap-and-trade actually polls rather well. That might change as the public learns more about policy and comes to grips with the fact that they’re going to have to bear some of the costs personally. But other than increased taxes on the very wealthy, and some gimmicky stuff like sin taxes and windfall profits taxes that don’t have all that much revenue-generating potential, it polls a lot better than other types of tax increases, and may be a more politically palatable compromise.

via FiveThirtyEight – Politics Done Right: Cap-and-Trade is Dead; Long Live Cap-and-Trade. If I could I would just re-quote the whole article word for word.

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