A Tax on Energy (i.e. A Tax on Gas, Fruits, Clothing, Computers, etc.)

By raising taxes on energy, the government effectively will raise the price of all goods using energy as an input. The Institute for Energy Research  calculated that about 15% of the gas we buy at the tank goes directly to federal and state governments. An energy tax will cause industries’ costs to rise, and with higher costs, much of these new expenses will be passed on to consumers in the form of higher prices.

AEI reported that almost half of the total energy we consume goes into producing foods, medicines and other consumer goods. Of the total indirect energy consumption, the highest amounts went into healthcare services and pharmaceuticals and the second highest to food production. Energy taxes will only serve to increase the prices of these essential goods and services.

The carbon tax or cap and trade initiative does not just affect big businesses; it affects anyone who drives a car, who purchases fruits and vegetables, who purchases healthcare services, or any other product that uses energy as an input.

Comments (4)

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