Analysts Discuss the Carbon Tax

Listen to a discussion of whether it is a good idea to swap out income tax for a new carbon tax. According to some analysts income tax does a lot more damage to the economy than a carbon tax would, and is therefore in favor. Dan Henninger of the Wall street Journal, Monica Mehta of Seventh Capital and Jon Lonski, chief economist at Moody’s, all weigh in on the issue of a carbon tax.