This report examines the impact of a nationwide, revenue-neutral carbon tax. It considers the impact of the tax on federal revenue, the economy, carbon dioxide emissions, and the power sector at the national, state, and industry levels—including the District of Columbia—from 2019 to 2028. To maintain revenue neutrality, this study uses the revenues generated from the carbon tax to fund the extension of various tax cuts, primarily under the Tax Cuts and Jobs Act; delay the expiration of other federal tax provisions; and postpone the implementation certain tax increases under the Affordable Care Act.