Thursday, February 09, 2017

GOP suggests carbon tax with progressive rebate to consumers


A number of Republicans in Congress have put forth a proposal for a carbon tax that is revenue neutral:  the tax is returned to consumers in terms of annual rebates.  Republicans argue that the effect of the tax would be progressive, relatively helping low income people more.



Larry Summers endorsed the plan in an op-ed in the Washington Post this morning.
 
Is this report encouraging in that the GOP is starting to accept the science of man-made climate change as “truth”?

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