National Association of Manufacturers (NAM) releases Carbon Tax Study
Recently, NAM released a study that shows a carbon tax would have a devastating impact on
manufacturing. The report, Economic Outcomes of a U.S. Carbon Tax, found that levying such a
tax would result in a substantial impact on jobs and higher prices for natural gas, electricity,
gasoline and other energy commodities. This would lead to lower real wage rates because
companies would have higher costs and lower labor productivity. Over time, workers’ incomes
could decline relative to baseline levels by as much as 8.5 percent. The increased costs of coal,
natural gas and petroleum products due to a carbon tax would ripple through the economy,
resulting in higher production costs, less spending on non-energy goods, fewer jobs and slower
economic growth. Please click on the links for the executive summary and full report.
NMMA and NAM ask that constituents help to deliver the message to legislators and
Administration officials that a carbon tax would have devastating effects on manufacturing in
the United States. The impact on ten hard-hit states can be reviewed here. Share this
information with your stakeholders and encourage them to use the data with their federal
elected officials to illustrate how a carbon tax would affect their communities, districts and
states.
NMMA Currents is produced by National Marine Manufacturers Association
Please contact Director of Marketing Communications, Ellen Hopkins, at [email protected] or
visit nmma.org for more information