A $15 per ton CO2 carbon tax would raise roughly $90 billion in revenue annually and be able to fully fund America's clean energy innovation ecosystem.

A $15/ton CO2 tax levied economy-wide would raise $90 billion annually, which could fund not only the expanded incentives here (and an expanded R&D credit), but also from statutory rate reduction. ITIF estimates that if the tax revenues were used to pay for expanded corporate tax incentives of the kind described above U.S. manufacturers as a group would actually pay lower taxes.