While maybe it’s just defensive or because I’ve clicked on the ads of a few fossil fuel companies that oppose any kind of climate action that would negatively impact their business, there seems to be a real uptick on advertising against a climate related tax on fossil fuels. Maybe it’s a good time too, as the public’s attention is focused on the news of predicted high heating bills this winter and gas prices that keep hiking at the pump.

I doubt legislators are in any kind of rush to enact taxes on gasoline, especially with prices going up so much lately. It seems like political suicide, although maybe less so in the New York City metropolitan area where so few people fuel their own cars or pay their own heating bills. But still, I can’t see much of a push to hike taxes on energy these days. Maybe it’s just about firing a warning shot, to keep the possibility of fossil fuel taxes off the agenda.

On the whole, I like the idea of enacting fossil fuel taxes as long as other taxes are reduced, so the proposal is revenue neutral. While it wouldn’t set well with progressives, I think it would be good for the economy to cut capital gains taxes to make up for revenue on fossil fuel taxes — and encourage people to invest their money rather then spend it on fossil fuels.