Republican birthday party elder statesman to push White House for carbon tax – National
WASHINGTON — A gaggle of Republican senior statesmen are pushing for a carbon tax to battle the consequences of weather trade, and hoping to promote their plan to the White House.
Former Secretary of State Jim Baker is main the trouble, which additionally contains former Secretary of State George Shultz. In an opinion piece revealed Tuesday night time in The Wall Street Journal, they argued “there is mounting evidence of problems with the atmosphere that are growing too compelling to ignore.”
The crew will meet Wednesday with White House officers, together with Vice President Mike Pence, senior adviser Jared Kushner, and Gary Cohn, director of the National Economic Council. Ivanka Trump may be anticipated to wait, in line with an individual acquainted with the plans. The individual used to be no longer licensed to speak about the assembly publicly and insisted on anonymity.
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Carbon taxes are designed to lift the price of fossil fuels to deliver down intake. Baker and Shultz detailed within the opinion piece their plan for a steadily expanding carbon tax, with dividends being returned to other people, in addition to border changes for the carbon content material of exports and imports and the rollback of rules.
According to an overview of the plan, the crowd will name for a steadily expanding carbon tax that “might begin at $40 a ton and increase steadily over time.” It would lift $200 billion to $300 billion every year. They would then redistribute tax proceeds again to shoppers on a quarterly foundation in what they name “carbon dividends” which may be roughly $2,000 every year for a circle of relatives of 4.
Their plan would additionally set “border adjustments” in accordance with carbon, which might lead to charges for merchandise from international locations with out identical carbon pricing techniques. And they might search to rollback rules enacted beneath Barack Obama, together with the Clean Power Plan.
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So a long way, President Donald Trump has despatched combined indicators on whether or not or how he’s going to attempt to sluggish Earth’s warming temperatures and emerging sea ranges.
During the transition, Trump met with outstanding weather activists Al Gore and Leonardo DiCaprio. Ivanka Trump, an in depth adviser to her father, has indicated hobby in operating at the factor. But the president has additionally employed oil business champions who need to opposite President Barack Obama’s efforts to rein in emissions.
The White House press workplace didn’t instantly reply to request for remark.
Also supporting Baker’s effort are Hank Paulson, treasury secretary for former President George W. Bush; Greg Mankiw, who chaired Bush’s Council of Economic Advisers; and Marty Feldstein, chairman of President Ronald Reagan’s Council of Economic Advisors, in line with the individual acquainted with the plans.
Also at the checklist are former Walmart chairman Rob Walton; Thomas Stephenson, a spouse on the undertaking capital company Sequoia Capital; and Ted Halstead, founding father of New America and the Climate Leadership Council.
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The overwhelming majority of peer-reviewed research and weather scientists agree the planet is warming, most commonly because of man-made assets. Under Obama, the U.S. has dramatically ramped up manufacturing of renewable calories from assets like sun, partially thru Energy Department grants.
Some environmental activists fortify a tax on emissions to lend a hand transition off fossil fuels. Sen. Bernie Sanders advocated for a carbon tax as a part of his bid for the Democratic nomination remaining 12 months. Hillary Clinton, the Democratic nominee, by no means supported a tax, although she presented a slew of proposals to care for weather trade.
Trump’s Secretary of State Rex Tillerson used to be the longtime leader government officer of Exxon Mobil. Exxon used to be lengthy regarded as a number one opponent of efforts to scale back greenhouse gasoline emissions from burning fossil fuels. But beneath Tillerson’s management, Exxon has began making plans for weather trade or even voiced fortify for a carbon tax.
Trump’s option to run the Environmental Protection Agency is Oklahoma Attorney General Scott Pruitt, who denies weather trade science. And Trump’s nominee to run the Energy Department, former Gov. Rick Perry, additionally has puzzled weather science whilst operating to advertise coal-fired energy in Texas, although he additionally oversaw the expansion of renewable energy in Texas, which become a number one wind-energy manufacturer whilst he used to be governor.
Carbon tax regulation is not likely to obtain a heat welcome within the GOP-controlled Congress, the place Republicans had been staunchly adverse to Obama’s weather schedule. Last 12 months, Republicans within the House authorized symbolic measures opposing a charge on crude oil and a carbon tax on emissions.
Published on: eight February 2017 | four:57 am, as “Republican party elder statesman to push White House for carbon tax – National” on GLOBALNEWS CANADA. (Here is a source link for the Article’s Image(s) and Content)