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In 1975, inflation in the US was fueled by high government spending on the Vietnam War, soaring oil prices due to OPEC's actions, a wage-price spiral driven by strong labor unions demanding higher wages, and loose monetary policy.
FOR those closely following the intricacies of energy matters in our state, the term “ICPT” or Imbalance Cost Pass Through is likely a familiar one.
A carbon tax border adjustment mechanism that uses some carbon tax revenue recycling for pro-investment tax reform could improve U.S. competitiveness.