The same thing in CANADA. A study by the Tax Foundation found that a carbon tax would cost billions of dollars annually in administrative costs, a burden that would ultimately fall on consumers through higher prices, less economic activity, and fewer jobs. The US economy is already suffering from regulatory costs of $3 trillion annually, including many energy-related restrictions, and the Biden administration has added more than $1.6 trillion in regulatory costs since taking office. While the intention behind a carbon tax — to reduce American GHG emissions in an effort to combat global climate change — is questionable in itself, the economic realities and principles of free-market economics prove it is a flawed approach. With the fiscal storm likely coming next year, Congress should just say no to the PROVE It Act and the carbon tax in general. https://www.activistpost.com/2024/07/the-economic-folly-of-a-carbon-tax.html