According to a congressional budget office report the


According to a Congressional Budget Office report, the burden of a carbon tax would fall isproportionately on low-income households.

a. What does the report mean by the "burden" of the tax?

b. Why would the burden of a carbon tax fall disproportionately on low-income households? What actions might the government take to reduce the burden on these households?

Source: Congressional Budget Office, "Effects of a Carbon Tax on the Economy and the Environment," May 2013, p. 8.

Request for Solution File

Ask an Expert for Answer!!
Microeconomics: According to a congressional budget office report the
Reference No:- TGS01368412

Expected delivery within 24 Hours