(Answered) Assume senator you work for supports 20ton carbon tax

Management Studies

Assume senator you work for supports $20/ton carbon tax. response (not about environmental impacts of carbon tax, but about economic issues) that covers the following:

a. Describes economic perspective of the $20/ton tax proposal, as outlined by CBO.

b. Explains which constituencies might be most helped or harmed by this policy.

c. Explains how you recommend using revenues to address the issues you noted in (a) and (b).

d. 1.4% of GDP is long-term unfunded liability of social security. If we want to cover this liability, how high would the tax have to be? What are some good arguments for and against this approach to addressing the social security problem?

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