By Richard W. Jones
Bloomberg News reported Sept. 3 that the Senate Finance Committee is seriously considering putting a $15 per ton price on carbon in the budget reconciliation package.
This fee would be paired with a rebate for low-income taxpayers and a border-adjustment tax to ensure that foreign companies can’t take advantage.
This is encouraging news. President Joe Biden has set a 50 percent reduction goal for carbon emissions by 2030.
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