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With Energy Prices at Record Highs Joe Biden’s White House Says Energy Taxes are “Needed” for Green Transition

https://www.thegatewaypundit.com/2022/04/energy-prices-record-highs-joe-bidens-white-house-says-energy-taxes-needed-green-transition/

The White House said Americans should pay higher taxes to ensure a rapid green transition away from fossil fuels in a report on President Joe Biden’s economic record.

The federal government can encourage such a shift through carbon taxes or a cap and trade system forcing an emissions limit on companies, said the Council of Economic Advisers (CEA) report released last week. The White House added that consumers would continue purchasing “artificially inexpensive, carbon-intensive goods” without proper government policies in place.

“Such carbon prices could be implemented directly via carbon taxes, indirectly through a cap on emissions and tradable permits, or through other similar policy tools,” the CEA said in the report. “Government revenues from the carbon price can be used to compensate consumers for increases in energy prices or to invest in other societal priorities.”