The Taxman rears his ugly head
The proposed 'Foreign Pollution Fee' will bite Americans rather than Chinese
Senators Bill Cassidy of Louisiana and Linsey Graham of South Caroliina are proposing a fee that they say will force China to reduce its pollution. But will it? Economist Bruce Yandle argues it is instead a tax that will hurt American consumers and may backfire in other ways. It’s also a classic case of the Bootleggers and Baptists theory of regulation …
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