Topic: Deficit Reduction Commission

1 chapters across the catalog

Blow The Drill Baby
Episode 196 56:17 - 1:02:09

196: Blow The Drill Baby

Federal Deficit, Energy Tax Proposals

Laura Tyson of the President's Council of Economic Advisers discusses the U.S. deficit and the need for infrastructure funding. A proposal is highlighted to tax oil and energy products to create a "price incentive" for consumers to reduce usage. This strategy is criticized as a disincentive that would artificially inflate the cost of living.