Carbon taxes risk harming economic competitiveness and low-income households.
Energy costs would increase 15-25% under a $50/ton carbon tax.
Energy-intensive industries may relocate to jurisdictions without carbon pricing.
Low-income households spend a larger share of income on energy.
Are the stated bad consequences likely to occur?
Can the bad effects be mitigated so they are acceptable?
Are there benefits that outweigh the bad effects?