What tax did Shultz advocate for as a means of mitigating climate change?
Value-added tax
Wealth tax
Sales tax
Revenue-neutral carbon tax
Answer
A revenue-neutral carbon tax is a market-based mechanism designed to reduce greenhouse gas emissions by putting a price on carbon pollution. The revenue generated from the tax is used to offset the financial burden on individuals and businesses, ensuring that the transition to a low-carbon economy is equitable and economically viable.
The Legacy of George Shultz: A Dive into American Political History
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