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 …