by Tim Pearce The bipartisan House Climate Solutions Caucus claims it is pushing a “revenue-neutral” carbon tax, but legislation proposed Thursday would hike taxes by at least $1 trillion over the next decade, according to Paul Blair, director of strategic initiatives for the right-leaning policy institute Americans for Tax Reform. Reps. Ted Deutch, a Democrat, and Francis Rooney, a Republican, reintroduced a bill Thursday that would place a $15-per-ton tax on carbon emissions in 2019. The tax would rise by $10-a-year increments until it hits nearly $100 per ton. “To let the free market price out coal we should consider value pricing carbon,” Rooney said in a statement. “A revenue-neutral carbon fee is an efficient, market-driven incentive to move toward natural gas and away from coal, and to support emerging alternate sources of energy.” Though Rooney claims the tax is “revenue-neutral,” the plain text of the bill does not include any reciprocal tax cuts to balance out the burden of the added tax on emissions, Blair told The Daily Caller News Foundation. The Climate Solutions Caucus, co-led by Deutch and Rooney, claims the bill is “revenue-neutral” through carbon dividends. The IRS will pay out the funds raised by the…
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