In case that graph’s too tiny, America’s way over there on the far left, getting slightly less than 3 percent of its revenue from measures to discourage pollution. The average industrialized country gets about 6 percent. That’s mainly due to the fact that many European countries put higher levies on gasoline. Still, compared with the rest of the world, we vastly undertax pollution. And changing this doesn’t have to cripple the economy: Congress could always do things in a revenue-neutral manner, swapping in higher taxes on greenhouse gases say in exchange for lower payroll taxes.
Read the entire article at the Washington Post: If we need taxes, why not pollution taxes?