Wednesday, February 20, 2008

Pigou Club News

Several Canadian readers have alerted me to some advances up north:

Finance Minister Carole Taylor introduced an escalating carbon tax on most fossil fuels Tuesday, one she says is designed to ignite an environmental social movement in British Columbia and across Canada to fight climate change....

Ms. Taylor said the carbon tax will be revenue neutral, meaning the government will not use money generated from the tax to fill its coffers. The carbon tax revenue, estimated to hit $1.8-billion over three years, will be returned to taxpayers through personal income tax and business tax cuts, she said.