N. Gregory Mankiw - The Pigou Club Manifesto: Raise the Gas Tax

http://gregmankiw.blogspot.com/2006/10/pigou-club-manifesto.html

FRIDAY, OCTOBER 20, 2006

The Pigou Club Manifesto

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

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