http://gregmankiw.blogspot.com/2006/10/pigou-club-manifesto.html
In today's Wall Street Journal, I offer a manifesto for the Pigou Club, the elite group of pundits and policy wonks with the good sense to advocate higher Pigovian taxes. (Click here for a partial membership list.)
Raise the Gas Tax By N. Gregory Mankiw
With the midterm election around the corner, here's a wacky idea you won't often hear from our elected leaders: We should raise the tax on gasoline. Not quickly, but substantially. I would like to see Congress increase the gas tax by $1 per gallon, phased in gradually by 10 cents per year over the next decade. Campaign consultants aren't fond of this kind of proposal, but policy wonks keep pushing for it. Here's why: .... http://gregmankiw.blogspot.com/2006/10/pigou-club-manifesto.html
FRIDAY, OCTOBER 20, 2006
The Pigou Club Manifesto
Raise the Gas Tax By N. Gregory Mankiw
With the midterm election around the corner, here's a wacky idea you won't often hear from our elected leaders: We should raise the tax on gasoline. Not quickly, but substantially. I would like to see Congress increase the gas tax by $1 per gallon, phased in gradually by 10 cents per year over the next decade. Campaign consultants aren't fond of this kind of proposal, but policy wonks keep pushing for it. Here's why: .... http://gregmankiw.blogspot.com/2006/10/pigou-club-manifesto.html
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