Gilbert E. Metcalf

This paper describes a carbon tax swap that is revenue and distributionally neutral. The tax swap levies a tax on greenhouse gas emissions with revenue being used to fund a reduction in the income tax, tied to earned income.

The Hamilton Project hosted a forum highlighting a new strategy paper and two new discussion papers on how to best design market mechanisms to reduce greenhouse gas emissions, including proposals to expand the federal R&D program to better promote the development of new greenhouse gas-reducing technologies.