Taxes should raise the revenue to fund necessary government operations in ways that cause the least possible economic damage. Accordingly, Congress and President Obama should reform the existing tax code and drop their current plans to increase taxes on high-income earners, small businesses, investors, and other job creators. Read More.
Testimony before the Committee on Science, Space, and Technology; Subcommittee on Investigations and Oversight United States House of Representatives April 13, 2011 My name is David Kreutzer. I am Research Fellow in Energy Economics…
Abstract: Eighty-five percent of the energy that fuels the American economy is from coal, petroleum, and natural gas. An unavoidable by-product of burning these fuels is carbon dioxide (CO2). Analyses…
In addition to the devastating economic effects of cap and trade, the Clean Energy Jobs and American Power Act (S. 1733)—introduced by Senators John Kerry (D–MA) and Joseph Lieberman (I–CT)—would likely lead to the same conditions that caused the housing bubble of a few years ago. It…
My name is Ben Lieberman and I’m the Senior Policy Analyst for Energy and Environment at The Heritage Foundation. I’m proud to say that I’ve either participated in, or attended, all four of the Heartland Institute’s global warming conferences. If there’s a fifth and a sixth, I’ll be there, too.…
President Obama recently used the Gulf oil spill to stress the need for Congress to pass cap and trade, specifically the bill introduced by Senators John Kerry (D–MA) and Joe Lieberman (I–CT) after much delay. The 987-page American Power Act (APA) aims to reduce 2005 levels of carbon dioxide (CO2)…
When it comes to tax policy, what once were vices now are habits. A quick glance at the tax provisions in the President’s budget reveals lists and lists of special tax deductions and credits. Legislation again moving in Congress to extend certain expired and expiring tax provisions includes yet another…
There is little doubt that legislative measures designed to address global warming would greatly burden the agricultural sector. Farming is energy intensive, and cap-and-trade bills--namely the House Waxman-Markey bill, which passed in June, and the Boxer-Kerry bill pending in the Senate--are…
Abstract: Barbara Boxer and John Kerry are pushing their climate-change legislation in the Senate. Like the Waxman-Markey bill, passed by the House last year, Boxer-Kerry is a cap-and-trade bill. Why is that bad? Because severely restricting greenhouse gas emission places an enormous burden on American families--higher gasoline prices,…
Everyday Americans tell us what they think about global warming and cap and trade legislation to reduce emissions. Heritage analysts point out some key misconceptions that might change their minds about this massive new energy tax. …
David Kreutzer discussing how a Waxman-Markey global warming tax will harm both jobs and the economy. …
The policy analysis reported in this paper refers to a version of Waxman-Markey that was heavily revised in committee hearings. For analysis that reflects the post-committee version of Waxman-Markey, readers should refer to Heritage Foundation WebMemo, No. 2450 "Son of Waxman-Markey: More Politics for a More Costly Bill." Representatives Henry Waxman (D-CA)…
How to Be a Good Steward of Energy and the Environment When it comes to energy and the environment, most of us feel conflicted. On the one hand, we depend on affordable energy for almost everything --…
An effort funded by a major left-wing environmentalist group is looking to appeal to conservative and libertarian...…
In his time in office, President Obama has made some seriously bad proposals and decisions on energy policy, and...…
An examination of “administrative earmarks” around the time of congressional votes on key pieces of President Obama’s...…
In his State of the Union address last month, President Obama requested that Congress pass legislation mandating a...…
Democrats determined to shield the administration from accusations of political cronyism are unwittingly...…
Instead of the intellectual vandalism that typifies too much of Paul Krugman’s writing, it would be more useful if he...…
On Sunday, the government of Australia announced that it will implement a US$24.74 per-metric-ton tax on carbon...…
President Obama’s infamous words—saying electricity rates will “necessarily skyrocket” under his cap-and-trade program...…
All the world mourned the human toll taken by the Japanese earthquake and tsunami. Thousands of lives were lost;...…
Speaking before a new Congress in his State of the Union address, President Obama gave an alternative suggestion for...…