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Carbon tax revenues create a basis for progressive "tax shifting"
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Parent article
Supporting evidence
Carbon Tax Center, "Carbon Taxes vs. Cap-and-Trade" - "Carbon tax revenues can be returned to the public through progressive tax-shifting, while the costs of cap-and-trade systems are likely to become a hidden tax as dollars flow to market participants, lawyers and consultants."
Robert Shapiro, former undersecretary of commerce for economic affairs under President Clinton, said, "The great political advantage of carbon taxes is that they raise large revenues which governments can use to reduce other unpopular and more distorting taxes, or finance popular spending program".[1]
