Senior Republican statesmen propose replacing Obama’s climate policies with a carbon taxLeave a Comment
Representatives from a coalition of veteran Republican officials — including five who have either served as treasury secretary or as chairman of the Council of Economic Advisers — met Wednesday with White House officials to discuss the idea of imposing a national carbon tax, rather than using federal regulations, to address climate change.
The newly formed Climate Leadership Council — which includes James A. Baker, Henry Paulson, George P. Shultz, Marty Feldstein and Greg Mankiw — is proposing elimination of nearly all of the Obama administration’s climate policies in exchange for a rising carbon tax that starts at $40 per ton, and is returned in the form of a quarterly check from the Social Security Administration to every American.
“I really don’t know the extent to which it is man-made, and I don’t think anybody can tell you with certainty that it’s all man-made,” Baker said in an interview with The Washington Post. However, he also said, “the risk is sufficiently strong that we need an insurance policy and this is a damn good insurance policy.”…