A carbon tax plan would curb emission of greenhouse gases by taxing them at the refinery, at the mine, or wherever they enter the economy. The proceeds would be sent to Americans in the form of dividends. A family of four could expect to receive about $2,000 in the first year.
The Democratic candidates ought to be asked about their differences in dealing with the most challenging issue of our time: global climate change. So far Clinton has failed to endorse a tax on carbon emissions, which Sanders supports and many experts believe is essential if the world is to avoid a climate calamity.
Mitt Romney is indicating he will not back away from his recent statement that “the world is getting warmer, and I believe that humans have contributed to that.” This admission of basic scientific fact places him far to the left of today’s Republican Party. But even though he acknowledges its existence, he still rejects cap-and-trade, […]