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He does conceded there would be winners and losers. One of the big losers are the retirees who don't have any payroll tax, see no increase in take home pay, but do see the increase in gas expenses.
He does conceded there would be winners and losers. One of the big losers are the retirees who don't have any payroll tax, see no increase in take home pay, but do see the increase in gas expenses.
And it also is worse for stay at home moms (or dads) where there is only one wage earner (or, you could say it's a double tax break for families with two separate incomes). This idea isn't that new, and has little to no chance of ever becoming reality. It's much simpler and easier than a cap and trade system, but then you'd lose all the fun of creating a new federal beaurocracy to manage the cap and trade system