Carbon Tax Won’t Be Necessary Due to Technology, Mnuchin Says

U.S. Treasury Secretary Steven Mnuchin weighed in on the debate about a carbon tax in Davos, saying technological developments would make it redundant.

“If you want to put a tax on people, go ahead and put a carbon tax. That is a tax on hard working people. I personally think the costs are going to be a lot lower 10 years from now because of technology,” Mnuchin said, speaking on a panel alongside European Central Bank President Christine Lagarde on Friday.

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His comments go against the ...