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Wednesday, March 22, 2017

Trump administration not considering a carbon tax: White House official/Reuters

Is that important?  Is this good public policy?

The conversation around a national carbon tax has been on-going.  Proponents argue there should be a fee on emissions, environmental damage, and we should contemplate health risk of higher carbon levels.  Opponents see it as just one more government levy.

States are taking up the charge.  Even most advocates, though, don't like seeing a tax on a state-by-state level.  They believe it is a national priority and should be balanced across the US.

We endorse a national carbon tax if those funds directly target development--meaning they will spur economic growth--of efficiency, renewables, clean tech, innovations around carbon capture storage and reuse and materially grow the green economy.  If the Feds are simply going to hijack the money and lose it in the general fund, we'd vote no.

FILE PHOTO: U.S. President Donald Trump takes the stage for a rally at the Kentucky Exposition Center in Louisville, Kentucky, U.S. March 20, 2017. REUTERS/Jonathan Ernst

U.S. President Donald Trump's administration is not considering a carbon tax, a White House official said on Tuesday.

On Feb. 8, Trump administration officials met with a group of Republican elder statesman who called for a $40 per ton tax on carbon emissions to fend off global climate change.

In response to that meeting, the White House official said: "The Trump Administration is not considering a carbon tax."

(Reporting by Steve Holland; Editing by Eric Beech)

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