Al “An Inconvenient Truth” Gore has come up with a unique tax method that may boost employment and help the environment. At speech yesterday at New York University Law School, the former vice president advocated taxing carbon dioxide emmissions and eliminating payroll taxes.
“For the last fourteen years, I have advocated the elimination of all payroll taxes — including those for social security and unemployment compensation — and the replacement of that revenue in the form of pollution taxes — principally on CO2. The overall level of taxation would remain exactly the same. It would be, in other words, a revenue neutral tax swap. But, instead of discouraging businesses from hiring more employees, it would discourage business from producing more pollution.”
I don’t remember Gore saying anything about elminating payroll taxes in 2000 election. It might have given him a few more votes in Florida.
