We are happy to announce the launch of our new, interactive website: carbontaxcosts.ca. You can compare costs by energy source, and different rebate types by province and income decile, and net returns (rebates less costs). 2/?
The rebate types are: lump sum payment, means-tested sales tax (GST/HST) credit increase, sales tax (GST) rate decrease, and increased basic exemption for personal income taxes. 3/?
For example, here's a comparison of a lump-sum rebate to a means-tested sales tax credit for BC's lowest income group. We offer two comparison visuals. 4/?
You can also do inter-province comparisons. Here's BC and AB, comparing costs, rebates and net returns for a lump-sum transfer and the lowest income group. 5/?
You can also compare different carbon tax levels: $50/tonne, $110/tonne and $170/tonne. 6/?
The website is useful for comparing: effects across the income distribution; different revenue-recycling policies; how revenue recycling affects different income groups; and how energy use, costs and rebates differ across provinces. 7/?
This is a work in progress, and we'll be adding additional functionality soon. Feedback welcome! Also, major thanks to @SP_Inst for funding this research and the website. /fin
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Some late-in-the-day thoughts on the Conservative #climate plan (I had a paper deadline today). @BrettDolter & @GK_Fellows and I are *so* close to finishing our paper on the distributional impacts of emissions pricing in Canada.
Here are our estimates of carbon tax costs by income decile and by source for each province, at $50 per tonne. This includes the federal OBPS. Note: we assume no behavioural change, so this is a 'worst-case' scenario.
I am struck by this quote: "There is nothing more valuable for a nation than allowing its citizens to explore their potential," from @CBCCalgary article on the proposed changes to post secondary funding. A thread on #abed. cbc.ca/news/canada/ca…#abpoli#ableg 1/n
To me, that quote gets at a fundamental question: What is the purpose of universities? I’m sure we all have different views. As an academic and instructor, I view my role as producing knowledge to benefit society, and sharing that knowledge with students and the public. 2/n
Many students attend university to get a degree to get a job (I did!). It’s also a place to explore new ideas and interests, and your own potential. The quote I started with reflects that purpose, which I think is one of the most important functions of higher ed. 3/n
This is an inaccurate portrayal of my work. My numbers were produced for the Senate in April 2017, and reproduced on @policy_school blog in May 2017. The Govt of Canada discussion paper on carbon pricing was released in May 2017 (see: canada.ca/en/services/en…).
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My committee testimony and analysis happened *before* details of the federal benchmark and backstop were announced. I did not calculate the costs of the 'Trudeau Carbon Price' - I calculated the costs of a broad, economy-wide carbon tax at various price levels. Very different!!
Furthermore, I am very clear about my assumptions and the limitations of my approach, and have additional methodological details in a subsequent blog post: policyschool.ca/calculating-ca….