Tuesday, September 19, 2006

Gore: "elimination of all payroll taxes" for a pollution tax

"For the last fourteen years, I have advocated and advocate today the elimination of all payroll taxes - including those for social security and unemployment compensation — and the replacement of that revenue with pollution taxes — principally on CO2. The overall level of taxation would remain exactly the same. It would be, in other words, a revenue neutral tax swap. But, instead of discouraging businesses from hiring more employees, it would discourage business from producing more pollution. A good swap."

—Vice President Gore speaking yesterday at New York University
(hat tip, NY Sun)

This is the first time I've ever heard of such a proposal, but I would welcome such an offer with open-arms. It is also becoming clear that Mr. Gore is running for president.

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