Friday, December 05, 2008

A Pigovian Tax on Cows

Addendum from the Tax Policy Blog: "The video quoted how much in additional tax the farmer in the story, Charles Hanehan, would pay under this proposed tax. And he made a ridiculous comparison to the bailouts that certain companies are getting right now, which is irrelevant. But since he brought up handouts to certain companies, I did a little digging on EWG's Farm Subsidy Database and found that Hanehan Family Dairy received $561,695 in subsidies from 1996-2006. You can't make this stuff up."