WASHINGTON, DC—In the last two weeks, four new carbon tax proposals have been released by Representative Francis Rooney (R-FL), Representative Dan Lipinski (D-IL), Senators Chris Coons (D-DE) and Dianne Feinstein (D-CA), and Representative John Larson (D-CT). These four bills join two other bills introduced in the current Congress by Representative Ted Deutch (D-FL) and Senators Sheldon Whitehouse (D-RI), Brian Schatz (D-HI), Martin Heinrich (D-NM), and Kirsten Gillibrand (D-NY).
Marc Hafstead, director of RFF’s Carbon Pricing Initiative, has released a new blog post titled “The Year of the Carbon Pricing Proposal.” The post includes a handy table that explicitly compares the policies on a number of dimensions and applies the Goulder-Hafstead economic model to project the level of energy-related carbon dioxide emissions by year through 2035 under each proposal.
Hafstead concludes, “In the current political climate, it is unlikely that any of these bills will become law. But the discussion they raise will hopefully help future policymakers find common ground and perhaps set the stage for future bipartisan action that confronts the climate challenge.”
Read the blog here:
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