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Senate Opens Door to Massive Carbon Tax Despite Critical Economic Concerns

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Senate Opens Door to Massive Carbon Tax Despite Critical Economic Concerns
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Diana Furchtgott-Roth
Updated:
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Commentary
Last week, Congress took a step toward passing a carbon tax—an inflationary, regressive tax on all products that would lower economic growth; make all Americans worse off; and disproportionately harm poor people, farmers, and small businesses.
Diana Furchtgott-Roth
Diana Furchtgott-Roth
Author
Diana Furchtgott-Roth is an economist who is adjunct professor of economics at George Washington University, where she teaches Transportation Economics. From 2019 to 2021, she was Deputy Assistant Secretary for Research and Technology at the U.S. Department of Transportation. Prior to joining USDOT, Furchtgott was Acting Assistant Secretary for Economic Policy at the U.S. Department of Treasury. She has been a senior fellow and director of Economics21 at the Manhattan Institute for Policy Research. She previously served as chief economist of the U.S. Department of Labor; chief of staff of the President’s Council of Economic Advisers; and deputy executive director of the Domestic Policy Council. She is the director of the Center for Energy, Climate and Environment and the Herbert and Joyce Morgan Fellow at The Heritage Foundation. Furchtgott is also president of Furchtgott International and the author or coauthor of six books and hundreds of articles on economic policy, most recently “United States Income, Consumption, Wealth, and Inequality” (2020). She received her BA in economics from Swarthmore College and her M.Phil. in economics from Oxford University.
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