Left And Right Revive Idea Of Carbon Tax
Once considered radical, it’s now being discussed in polite company.
On Tuesday, a conservative think tank held discussions about it while a more liberal think tank released a paper on it. And the Congressional Budget Office issued a 19-page report on the different ways to make a carbon tax less burdensome on lower income people.
A carbon tax works by making people pay more for using fossil fuels like coal, oil, and gas that produce heat-trapping carbon dioxide.
Even so, the Obama administration has no plans to push for a carbon tax now, said a White House official who spoke on condition of anonymity because there are no discussions about the issue…
So the carbon tax idea has been revived by some on both the right and left and is suddenly appearing in newspaper and magazine opinion pieces and in quiet discussions.
“I think the impossible may be moving to the inevitable without ever passing through the probable,” said former Rep. Bob Inglis. The South Carolina Republican lost his seat in 2010 in a primary fight, partly because he acknowledged that global warming exists and needs to be dealt with. Now he heads a new group that advocates a carbon tax and the idea is endorsed by former Ronald Reagan economic adviser Arthur Laffer.