Michigan Radio: Carbon tax wouldn’t cause much pain at the pump

by Tracy Samilton, Michigan Radio

STEVE CARMODY / MICHIGAN RADIO

More than 90% of people say they could handle paying an extra 36-cent tax on each gallon of gasoline without feeling financially stressed.

That’s from the latest survey by the University of Michigan’s Energy Institute.

Researcher John DeCicco says that 36 cents translates to a $40 per ton carbon tax, that could be imposed to offset the environmental damage from carbon emissions.

“In spite of how much everyone will say how much they they hate higher taxes, a $40 carbon tax would leave more than 90% in their comfort zone,” says DeCicco.

See the full story at Michigan Radio.