Senators Rally Conservative Support for $2 Trillion Carbon Fee Bill

Sens. Sheldon Whitehouse (D-R.I.) and Brian Schatz (D-Hawaii) have proposed a bill that would establish an economy-wide tax on carbon dioxide and other greenhouse gas emissions.
“My bill sets the fee for a ton of carbon at $45 in 2016, the central range of the social cost of carbon as estimated by OMB, and would increase it each year at a real 2 percent. When emissions fall 80 percent below 2005 levels, the annual adjustment would fall to inflation,” Whitehouse said at the American Enterprise Institute when presenting the American Opportunity Carbon Fee Act.


Read more at PJ Media