The forecast for air pollution-related tax revenue in the US predicts a decline from 2024 to 2028. Starting at $8.18 million in 2024, tax revenue is projected to decrease by approximately 1.47% in 2025, 1.36% in 2026, 1.26% in 2027, and 1.15% in 2028. The compounded annual growth rate illustrates a consistent decreasing trend over these years.
Future trends to watch for include:
- Regulatory changes addressing air quality improvements that might affect tax policy and revenue.
- Technological advancements in pollution reduction that could lower taxable emissions.
- Economic factors influencing industrial output and transportation-related emissions.