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So, the carbon tax would cut a family of four’s income by $1,400 per year, raise their utility bills by $500 per year and increase the chance that they find themselves out of work altogether. Unfortunately, in the carbon tax fairy tale being spun in Washington, there is no woodman’s ax or clever sister to save the day.

David Kreutzer is research fellow in energy economics and climate change in the Heritage Foundation’s Center for Data Analysis.