The Carbon Tax: Welfare Triangle, or Welfare Obelisk?

The Welfare Triangle … and Obelisk
Two recent position papers from the conservative Niskanen Center and the libertarian Cato Institute take diametrically opposite positions on the desirability of a Carbon Tax.
Jerry Taylor, president of the Niskanen Center, argues in his 2015 “The Conservative Case for a Carbon Tax” that, “conservatives should embrace a carbon tax … in return for elimination of EPA regulatory authority over greenhouse gas emissions, abolition of green energy subsidies and regulatory mandates, and offsetting tax cuts to provide for revenue neutrality.”
On the other hand, Robert P. Murphy, Patrick J. Michaels, and Paul C. Knappenberger conclude in their

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