Conservation Finance Network

Economists and scientists agree that carbon taxes help to reduce greenhouse gas emissions by creating an incentive for people to use less fossil fuels. But that’s not all they can do.

Treasury continues to work on additional guidance under a section of the tax code that governs charitable contributions, an agency official said. The IRS in June issued final rules under Section 170 aimed at state workarounds of the $10,000 limit on deductions for state and local taxes.