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National Tax Journal Forum: Environmental Tax Policy In The U.S.

The National Tax Association hosts a virtual National Tax Journal Forum webinar on Environmental Tax Policy in the U.S. today at 1:00 pm ET (registration): 

National tax associationThe Editors of the National Tax Journal (NTJ) are excited to continue our webinar series that periodically features some of the NTJ’s recently published articles.

Our next webinar will comprise four papers from the Forum of the March 2025 issue. Climate change represents one of the most pressing challenges of our time. Rising temperatures, shifting weather patterns, and more frequent and severe weather events underscore the urgent need for policymakers to find ways to drastically reduce our carbon footprint. In recent years, global efforts to address these challenges had gained momentum – from international agreements like the Paris Agreement to the implementation of national carbon taxes.

In the U.S., the largest federal investment in climate action to date came through the landmark legislation contained in the Inflation Reduction Act (IRA) of 2022. When originally scored, the IRA’s energy and climate policies were projected to cost roughly $400 billion through 2031, largely through the expansion of tax subsidies. However, there was much uncertainty around the implementation of IRA’s provisions and how individuals and businesses would respond, creating a wide range of potential economic and environmental impacts. And the future of IRA’s provisions and other clean energy initiatives are even more uncertain today.

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