Long-Shot Carbon Tax Plan Aims For Policy Consensus
Law360, New York (February 8, 2017, 8:33 PM EST) -- A plan pitched Wednesday by veteran Republicans to impose a national carbon tax to offset a rollback of climate change regulations isn't likely to succeed, but experts say it provides a glimmer of hope for future bipartisan consensus on some areas of U.S. climate policy, particularly if corporate America warms to the idea of a carbon tax.
Prominent conservatives including former U.S. Secretaries of State James Baker and George Shultz and former U.S. Treasury Secretary Hank Paulson co-authored a report calling for a gradually increasing carbon tax starting at $40 per ton, with revenues being paid back to taxpayers in the...
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