Tax Schemes for Environmental Payoff
2006
Tax Schemes for Environmental Payoff
publication
Author Information
Author(s): World Resources Institute, Brookings Institution
Conclusion
Different fiscal strategies can raise money and benefit the environment.
Supporting Evidence
- The federal law signed in 1989 that taxes certain ozone-depleting chemicals led to a 38% reduction in their use.
- The law raised almost $3 billion in its first five years.
Takeaway
Some taxes can help the environment and make money, like taxing pollution.
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